Crosby AI Shortens Contract Review to Under One Hour with $85M Funding
Crosby AI raises $85 million to cut contract review time to 58 minutes using hybrid AI-human review.
Why it matters: Legal teams need faster, more predictable contract reviews amid mounting pressure to reduce costs and speed negotiations. Crosby’s hybrid approach offers a practical solution for in-house and law firm professionals by combining AI efficiency with human legal expertise.
- Crosby AI raised $85.8 million across three funding rounds between June 2025 and March 2026.
- Median contract review time is 58 minutes for Master Service, Data Processing, and Non-Disclosure Agreements.
- The company’s team includes 19 experts with legal backgrounds from Harvard, Stanford, Columbia and engineers from Ramp, Google, and Meta.
- Clients like Cursor and Clay use Crosby’s platform to accelerate contract negotiations with flat-fee pricing.
Crosby AI launched in June 2025 to streamline contract review processes by combining artificial intelligence with human legal expertise. It focuses on contracts common in technology and service agreements: Master Service Agreements (MSAs), Data Processing Agreements (DPAs), and Non-Disclosure Agreements (NDAs). The goal is a median turnaround time of under one hour for these contract types, addressing everyday pressures faced by corporate legal teams.
The company has raised a total of $85.8 million in funding via three rounds: a $5.8 million seed round in June 2025, a $20 million Series A in October 2025, and a $60 million Series B announced in March 2026. Investors include prominent firms such as Sequoia Capital, Bain Capital Ventures, Index Ventures, and Lux Capital.
Crosby’s 19-person team comprises lawyers from top law schools including Harvard, Stanford, and Columbia, alongside engineers with experience at tech giants like Ramp, Google, and Meta. This blend supports the company’s hybrid review model: AI algorithms handle large-scale contract analysis to reduce processing time, while human lawyers perform final quality checks to ensure legal accuracy.
Clients such as Cursor and Clay benefit from significantly faster contract reviews and a fixed-fee pricing model, reducing legal bottlenecks without sacrificing risk management. The service also includes malpractice insurance coverage for clients, addressing concerns about relying solely on AI for contract reviews.
Legal industry observers see Crosby’s approach as part of a wider shift integrating AI into legal operations to boost efficiency and control costs. This shift helps legal teams respond to growing demands for faster deal cycles while maintaining compliance and quality.
For additional context on AI legal tech innovation and funding trends, see TechCrunch’s analysis of AI legal startups and Law.com’s coverage on AI adoption in legal services.
By the numbers:
- $85.8M — total funding raised by Crosby AI across three rounds since June 2025
- 58 minutes — median contract review time for core agreements (MSAs, DPAs, NDAs)
- 19 — number of Crosby AI professionals blending legal and engineering expertise
Yes, but: While Crosby AI reports a median 58-minute review time, some complex contracts may still require longer human review, posing limits to AI-driven speed gains.
What's next: Crosby AI plans to expand its platform capabilities to include additional contract types and enhance AI algorithms to further reduce review times by late 2026.