Four Legal Tech Companies Make the Forbes Cloud 100 and Two Others are Rising Stars

Forbes is out this week with its tenth annual Cloud 100 listing, monitoring the highest corporations in cloud computing, and 4 authorized tech corporations made the listing, whereas one dropped off from final 12 months.
Two different authorized tech corporations have been highlighted as rising stars — “startups on monitor to be a few of the greatest non-public cloud corporations sooner or later.”
Included on this 12 months’s listing are Clio, which rose from 56th on the listing final 12 months to forty sixth this 12 months; DeepL, an AI translator utilized by authorized professionals and in different industries, which ranked seventy fifth; Harvey, the gen AI authorized automation software program, which ranked 91st; and EvenUp, the AI platform for private harm legal professionals, which ranked one hundredth.
The 2 authorized tech corporations that made the listing as Rising Stars are Crosby, an AI-powered regulation agency, and InfoDash, a knowledge-sharing platform for regulation corporations.
Icertis, which was ranked thirty ninth on the 2024 listing, didn’t make this 12 months’s listing.
Of Clio, Forbes stated partially: “Over 200,000 authorized consultants use Clio, whose software program is endorsed by greater than 100 regulation societies and bar associations across the globe, together with all 50 state bar associations in the US. Clio, which has raised a complete of $1.29 billion up to now, introduced in June it might purchase vLex—the corporate behind Vincent AI, an AI-powered authorized analysis assistant—for $1 billion.”
About DeepL, Forbes stated partially: “One in every of Google Translate’s prime rivals, DeepL was based in 2017 by Polish entrepreneur Jaroslaw Kutylowski. Its AI-powered software program permits customers to translate textual content and information into 30 totally different languages, together with Estonian, Japanese and Portuguese, or to make writing in one other language sound extra pure.”
Relating to Harvey, Forbes wrote partially: “Attorneys’ desks are notoriously lined in paperwork, however Harvey could make all that muddle disappear. The AI firm is constructed to securely retailer hundreds of delicate paperwork – together with court docket data – and shortly enable legal professionals to get solutions to advanced authorized queries.”
As for EvenUp, the Forbes’ editors stated partially: “The $1 billion firm now powers over 1,500 private harm corporations, serving to to investigate medical data and producing over $7 billion in claims up to now. Its enlargement efforts embrace new headquarters in San Francisco and the launch of workflow instruments to scale back delays in doc draft and assessment instances.”
Among the many components thought of in compiling the listing are market management, firm valuation, working metrics, and other people and tradition.
Choices are made by Forbes in collaboration with Bessemer Enterprise Companions and Salesforce Ventures. Observe that Bessemer led Clio’s 2014 Sequence C financing spherical.