Israeli legal AI startup Chamelio raises $26m in series A

Israeli startup Chamelio has secured $26 million in Series A funding to develop AI tools aimed at automating routine legal workflows and escalating only complex cases requiring human judgment. The funding round was led by Entrée Capital, with participation from Work-Bench, Emerge Ventures, and Bright Pixel Capital. Chamelio's annual recurring revenue has quadrupled since its Seed round eight months ago, and the company now serves hundreds of customers such as Wiz, monday.com, Socure, AppsFlyer, and Wonderful.

Founders Alex Zilberman and Gil Banyas, along with CTO Gal Lellouche, bring extensive legal and AI expertise to the company. The new funding will be utilized to build Chamelio's proprietary legal action model, expand its legal engineering and product teams, and enhance onboarding technology. With rising legal workloads and limited budgets or headcounts, corporate legal departments face significant challenges.

A recent survey revealed budget and resource constraints as a key obstacle to success, while only 32% of legal departments anticipate adding attorney headcount this year. Chamelio's platform aims to replace traditional contract management systems by performing many tasks autonomously, allowing human lawyers to focus on higher-level work.

The company's approach is to shift the role of in-house counsel from repetitive execution to supervision, decision-making, and strategic legal work. Chamelio extends legal AI beyond the legal department, enabling teams to create agents that can interact with various business functions, such as procurement, finance, product, people, compliance, and sales.

The founders believe that AI in a legal setting delivers the most value when it can make intuitive decisions based on a company's specific intelligence, combining the rigor of lawyers with the speed of AI technology.