Utah-based Filevine secures $400 million all-equity financing to scale AI-powered legal operating intelligence system and fuel global expansion.
Filevine has raised $400 million in an all-equity financing, underscoring investor confidence in the company’s growth and the broader legal technology market. The announcement follows two funding rounds closed over 15 months, the first led by Insight Partners and a larger subsequent round co-led by Accel and Halo Fund alongside Insight. Previous investors Meritech, Stepstone, Run Ventures, and Album Ventures also participated.
The new capital will accelerate product development, expand AI capabilities, and fuel go-to-market strategies. Filevine positions itself as the legal industry’s first operating intelligence system, integrating AI directly into daily workflows. Unlike fragmented tools that create data silos, Filevine consolidates emails, documents, deposition videos, tasks, calendars, and more into a single platform already trusted by nearly 6,000 customers and 100,000 legal professionals. Users upload more than 20 million pages of documents daily.
“Some early versions of legal AI forced lawyers to work in two systems: their systems of record and their AI tools. But that framework isn’t what the market demands,” said Ryan Anderson, Founder and CEO of Filevine. “Filevine embeds intelligence into the DNA of daily legal work, with the first true legal operating intelligence system.”
The company has maintained strong customer metrics, with more than 96% gross retention on Filevine Core and Net Dollar Retention above 120%. Investors highlighted the company’s ability to deliver growth and adoption across firms of all sizes, from boutique practices to Fortune 500 enterprises.
“Filevine is tackling a problem that others are missing by developing a system of record where AI is seamlessly woven into every function,” said John Locke, Partner at Accel. Rebecca Liu-Doyle, Managing Director at Insight Partners, added: “We’re excited to double down with Filevine as they continue scaling into this next chapter.”
Halo Fund’s Ryan Smith emphasized Filevine’s traction in AI: “We saw Filevine’s AI products have heavy daily usage, with about 130% year-over-year AI revenue growth. Users told us they are deriving real value from Filevine’s integrated AI products.”
Filevine plans to use proceeds to deepen its presence with litigators, expand enterprise and government adoption, and attract top talent, positioning itself to define the future of legal technology.