August, an AI startup founded by Columbia University alumni, raised $7 million in seed funding led by NEA and Pear VC. AI’s ability to handle routine tasks in the legal field is unlocking efficiencies, freeing up lawyers for higher-value work and cutting costs. August, founded in 2023, has a team of 12 and plans to expand to 25-30 by year-end. The company competes with established players like Harvey, an OpenAI-backed legal AI startup. Founder Rutvik Rau envisions a future where AI partners with individuals to enhance productivity and strategic value for clients.

Read more at Yahoo Finance: AI startup by Columbia graduates raises $7 million to target midsize law firms