Eudia

High-Level Overview

Eudia is a Palo Alto-based technology company founded in 2023 that builds an augmented intelligence platform for corporate legal teams, combining AI automation with human expertise to handle tasks like document analysis, contract review, M&A diligence, and compliance.[1][3][5] It serves Fortune 500 companies such as DHL, Cargill, Coherent, Stripe, Duracell, and Airbnb, solving the problem of inefficient legal operations—lost institutional knowledge, budget overruns from billable hours, and scattered data—by delivering fixed-fee outcomes that reduce research time by 50% and eliminate $100k in outside counsel spend per project.[1][2][5] Following a $105M Series A led by General Catalyst in 2025, Eudia launched Eudia Counsel, the world's first AI-native law firm, targeting the $1T legal services market while maintaining enterprise-grade security.[1][2][6]

Origin Story

Eudia was co-founded in 2023 by Omar Haroun (CEO), Ashish Agrawal (CTO), and David Van Reyk (COO), drawing on their combined expertise in legal technology, AI engineering, and enterprise operations.[1][3] Haroun, with over a decade in AI, previously founded and sold Text IQ—a legal tech firm—to Relativity, where he led AI strategy, giving him early access to Fortune 500 clients like DHL.[2][6] The idea emerged from Haroun's recognition that corporate legal departments were drowning in fragmented data (e.g., spreadsheets across continents) and billable-hour inefficiencies, sparking AI-driven organization that yielded "considerable savings" for clients.[2] Early traction came swiftly: by 2025, with 75 employees, Eudia secured major clients and its oversized Series A from General Catalyst, Sierra Ventures, Floodgate, Defy Partners, and angels like Gokul Rajaram and Christopher Ré, fueling launches like AI-Augmented M&A and Contracting.[1][6]

Core Differentiators

• Outcome-Based Model: Unlike law firms selling hours or SaaS selling seats, Eudia delivers fixed-fee results (e.g., diligence in a day), capturing and reusing client knowledge to make teams "smarter" over time.[2][4][5]
• Augmented Intelligence Platform: Integrates AI for nuanced reasoning across Insights, Sigma, Contracting, M&A, and Compliance modules, paired with human review for accuracy and security—only using client data for their work.[1][3][5]
• AI-Native Law Firm (Eudia Counsel): First-of-its-kind service accelerates M&A (analyzing thousands of documents, generating risk lists) and contracting (auto-redlining from deal history), trusted by DHL, Coherent, Graybar, Stripe, and Airbnb.[4][5]
• Proven Enterprise Trust: Reduces headcount needs, turns contracts into intelligence (50% faster), and supports AI for Good initiatives for underserved communities, differentiating from competitors like Harvey and Luminance via practical, integrated focus.[1][2]

Role in the Broader Tech Landscape

Eudia rides the applied AI wave in legal tech, transforming a $1T services market stagnant under billable hours into an efficient, knowledge-compounding ecosystem where legal shifts from cost center to strategic partner.[6] Timing aligns with surging demand for secure, practical AI amid regulatory scrutiny and data explosion in global operations, as seen in Fortune 500 adoptions.[1][2] Market forces like M&A acceleration and compliance burdens favor Eudia's platform, which unlocks institutional knowledge that traditional tools miss, influencing the ecosystem by pioneering AI-augmented firms and roll-ups—potentially via General Catalyst's strategy—while expanding access via initiatives like AI for Good in Arizona.[2][4][6]

Quick Take & Future Outlook

Eudia's momentum—post-Series A growth to 75 employees, blue-chip clients, and Eudia Counsel launch—positions it to capture legal services market share by codifying expertise at scale.[1][2] Next steps likely include product expansions (e.g., more verticals beyond M&A/contracting), international scaling, and M&A roll-ups under General Catalyst, fueled by AI advancements in reasoning and security.[4][6] Trends like agentic AI and economic pressures on legal budgets will amplify its edge, evolving its influence from in-house automation to redefining law firm economics—ultimately killing the billable hour and enabling one expert to serve millions, compounding knowledge in the AI age.[2][3] This builds on its core promise: freeing legal pros for high-value work amid explosive tech-legal convergence.