PointOne has raised $16 million, taking total funding to $20 million as it builds AI tools to automate lawyers’ time recording.
The raise comes as competition heats up in the legal AI time-tracking space, with rival Laurel securing $100 million last year.
Legal AI time recording startup PointOne has raised $16 million in a Series A round, bringing its total funding up to $20 million.
The platform uses AI to track lawyers’ time and convert it into time entries, and is already being used by a number of US boutiques and larger law firms.
The New York-based company was founded in 2023 by Katon Luaces, Jeremy Ben-Meir and Adrian Parlow, a former lawyer who left last year to join Legora as VP of Product.
PointOne says its revenue has grown tenfold over the past six months, as demand builds for tools that automate one of law firms’ most entrenched processes.
“When we looked at the tools law firms were using to manage their most valuable asset, we couldn't believe what we saw. We built PointOne because we knew the industry deserved infrastructure that actually works - and we're just getting started,” said CTO and co-founder Ben-Meir.
The company said the new funding will be used to expand product development and deepen relationships with existing law firm customers.
The raise comes as competition in the AI time recording space intensifies. Rival startup Laurel raised $100 million in a Series C round last year.
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