Steno Raises $49M to Expand Legal Tech

Steno, a Los Angeles-based court reporting and litigation support company, raised $49 million in Series C funding to expand into new markets and upgrade its AI-powered transcript tool, Transcript Genius.

This funding round signals growing investor confidence in companies that combine hands-on legal services with technology, a model that pure software firms and legacy court reporting providers have struggled to replicate.

The Funding Round

Savano Capital Partners led the round, with continued participation from First Round Capital, The Legal Tech Fund, and other strategic investors. Rothschild and Co served as financial advisor, while Cooley LLP acted as legal counsel to Steno in the transaction.

The $49 million raise brings fresh capital to a company that already serves thousands of law firms every month. Steno plans to use the funds to triple its investments in geographic expansion and product development.

Growth Plans

Steno will direct a significant portion of this capital toward entering new markets across the United States. A key goal is to increase its presence within the AmLaw 200, a group of the 200 highest-grossing law firms in the country.