速递｜红杉押注“AI实体律所”：Crosby获种子轮580万美金，用1小时合同审查颠覆3000亿美元法律市场

Core Viewpoint - The article discusses how Crosby, a newly launched law firm backed by Sequoia Capital, is leveraging artificial intelligence to revolutionize legal services, particularly in contract review for startups, aiming to significantly reduce the time required for these processes [1][4]. Group 1: Company Overview - Crosby has completed a $5.8 million seed funding round led by Sequoia Capital and is characterized as a law firm that employs AI to provide legal services at unprecedented speeds [1]. - The firm primarily focuses on contract review services for startups, promising to complete new client contract reviews in under one hour, with aspirations to reduce this time to just a few minutes [1][2]. - The company currently has around 19 employees, including its two founders, and has already reviewed over 1,000 client contracts since its low-key launch in January [3]. Group 2: Founders and Team - Co-founders John Sarihan and Ryan Daniels bring diverse backgrounds, with Sarihan having experience in the startup sector and Daniels being a lawyer with nearly a decade of experience advising startups [1][3]. - The innovation at Crosby is attributed to the combination of technology and talent, as the founders actively recruit software engineers and lawyers to build a robust team [3]. Group 3: Investment and Market Potential - The seed funding round included participation from various angel investors and venture capitalists, highlighting the strong interest in disrupting the $300 billion legal industry [4]. - Sequoia Capital's investment decision was heavily influenced by the team's capabilities and the market dynamics, with a focus on the potential for AI to transform legal processes [4][5].