SAN FRANCISCO — Legal technology company Billables AI said on June 9 that it had raised approximately $10.2 million in a Series A funding round, as investors continue to back artificial intelligence tools designed for law firms and other professional services businesses. The company said the financing was led by Avenue Growth Partners, with participation from existing investors Wing VC, SignalFire and Alumni Ventures.
Billables AI, based in San Francisco, develops software that uses artificial intelligence to help law firms track billable work, analyze operational data and monitor the use of AI tools within legal practices. The company said the new capital will be used to expand research and development, increase sales and marketing efforts, and strengthen partnerships with other legal technology providers.
The funding announcement was made on Tuesday, according to company statements. Billables AI said it serves hundreds of law firms, primarily in the midmarket segment, and has expanded its platform beyond timekeeping functions into broader operational intelligence services. The software integrates with business tools including Microsoft 365, Google Workspace, Zoom and legal practice management systems through application programming interfaces, the company said.
“What impressed us most about Billables AI was the team’s vision for operational intelligence in the legal industry,” Brian Goldsmith, co-founder and managing partner at Avenue Growth Partners, said in a statement announcing the investment.
Chief Executive and co-founder Arvind Sujeeth said the company aims to help law firms gain greater visibility into how legal work is performed and how AI systems are being deployed across organizations. According to the company, law firms are increasingly seeking tools that can measure productivity, improve billing accuracy and address governance concerns surrounding artificial intelligence.
The investment comes amid continued growth in legal technology funding. Several AI-focused legal software companies have secured major financing rounds in recent months as law firms and corporate legal departments increase spending on automation and workflow technologies. Industry participants have said demand for AI-enabled legal tools has accelerated as organizations seek efficiency gains while maintaining compliance and client confidentiality.
Billables AI previously raised about $3.9 million in seed funding in 2024, according to company statements. The company said the latest financing will support further product development and expansion of its legal technology ecosystem. Details regarding any updated valuation were not disclosed.
