Core Insights - Crosby has secured $5.8 million in seed funding from Sequoia Capital and Bain Capital, focusing on enhancing sales contract review efficiency for high-growth go-to-market (GTM) startups [2][3] - The company aims to reduce traditional contract review times from 2-7 days to under 60 minutes, achieving an 80% acceleration in the review process [2][12] - Crosby's innovative approach combines AI pre-processing with licensed attorney review, creating a unique dual-entity operational model that enhances both speed and compliance [11][13] Company Overview - Crosby targets the $300 billion legal services market, addressing the significant pain point of slow contract processing that hampers business progress [4][5] - The company positions contracts as "APIs," promoting a seamless integration of legal processes into business operations [5][7] - Crosby's automated contract processing system includes features like risk clause identification, integration with tools like Slack and CRM, and real-time contract status updates [9][15] Market Strategy - The company adopts a proactive approach, directly addressing the needs of high-growth GTM startups that require rapid contract processing to avoid revenue delays [13][19] - Crosby's fixed pricing model replaces traditional hourly billing, providing startups with predictable cost structures [19] - The company has successfully implemented pilot projects with clients like Cursor, Clay, and UnifyGTM, showcasing its efficiency in contract processing and driving growth through real user feedback [16][20] Team Composition - Crosby's team consists of experienced legal professionals from prestigious backgrounds, ensuring high-quality contract review alongside its AI capabilities [22] - The engineering team, with experience from major tech companies, supports rapid iteration and development of the company's hybrid architecture [22]