Chamelio Raises $26 Million to Replace In-House Legal Software
Startups / news
Chamelio Raises $26 Million to Replace In-House Legal Software
The Series A follows a $10 million seed round eight months earlier, and the company says revenue has grown fourfold since then without giving a dollar figure.
Chamelio raised $26 million in a Series A round led by Entrée Capital, the legal-technology startup said Sept. 22, eight months after a $10 million seed round in January.
Work-Bench, Emerge Ventures and Bright Pixel Capital also joined the round, according to Chamelio's announcement, which was released with a New York dateline. Work-Bench and Emerge Ventures were already investors from the seed round, meaning Entrée Capital and Bright Pixel Capital are the only new names on the cap table.
What the software does
Chamelio builds what it calls an AI-native operating layer for in-house legal teams: software that drafts contracts from a company's existing agreements, reviews and negotiates terms, routes approval requests and executes multistep legal workflows, according to the company. It is positioned to replace contract lifecycle management systems, the category of software in-house legal departments have used mainly to store and track agreements rather than to do the work inside them. Chamelio describes the goal as delegating what it calls the tedious manual labor of contract review to autonomous agents, a pitch aimed at general counsel rather than outside law firms.
Who is already paying for it
Chamelio named five customers in its announcement: Wiz, monday.com, Socure, AppsFlyer and Wonderful. The company said it now serves "hundreds of customers" in total but did not disclose a precise count, a revenue figure in dollar terms, or the size of its legal-engineering team. Annual recurring revenue has grown fourfold since the January seed round, the company said, again without a base number to apply that multiple to.
The founders' prior company
Chief Executive Alex Zilberman and Chief Operating Officer Gil Banyas worked together previously at AnyVision, an Israeli facial-recognition company, where Zilberman was co-founder and chief operating officer and Banyas was general counsel, according to Calcalist. Chief Technology Officer Gal Lellouche had previously founded an AI company that Sage acquired, the outlet reported. Chamelio was founded in 2024.
How it handles customer data
Chamelio said its platform is SOC 2 Type II compliant, an audit standard covering how a vendor secures customer data, and that customer information is not used to train external or public AI models, according to the company's announcement. That distinction matters for a product built to read privileged contract terms, a category of document in-house counsel have been reluctant to hand to general-purpose AI tools.
What Entrée Capital is betting on
Entrée Capital general partner Eran Bielski said in the announcement, "What stood out to us was not only the strength of the product, but how quickly Chamelio's founders execute." Zilberman said, "AI in a legal setting shows dividends when it can make decisions intuitively, built on the corporate intelligence of each individual business."
Chamelio said the new capital will fund development of its proprietary "legal action model," expand its legal-engineering and product teams, and build out onboarding technology. It did not say when it expects to reach the customer count or revenue scale that would justify a further round. The raise lands the same month OpenAI expanded access to Astra for Law to a small group of law firms, though Chamelio's product targets corporate legal departments rather than outside counsel, and it follows a run of similarly sized AI seed and early-stage rounds this quarter, including TypeSafe's $40 million raise for its Jev model.
Two rounds, eight months apart
| Round | Date | Raised |
|---|---|---|
| Seed | January 2026 | $10 million |
| Series A | Sept. 22, 2026 | $26 million |
Sources
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