
Cicero
Analytics and automation software that help organizations isolate process issues and automate employee tasks.
USD | 2019 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
% EBITDA margin | (88 %) |
Profit | 0000 |
% profit margin | (105 %) |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
R&D % of revenue | 75 % |
Source: Company filings or news article
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In 2023, a team of seasoned tech and legal industry veterans—Omar Haroun, David Van Reyk, and Ashish Agrawal—founded Cicero to tackle a specific challenge: the unique needs of corporate legal departments. Haroun, who had previously founded Text IQ, which was acquired by Relativity, brought his entrepreneurial experience to the new venture. Joined by Agrawal, with his background at tech giants like Google, Amazon, and Apple, and Van Reyk, a former private equity investor, the team set out to build the world's first AI platform tailored for corporate legal functions. Cicero's platform is designed to provide Chief Legal Officers and other executives a secure way to use AI agents to transform their operations, aiming to improve efficiency and reduce risk. The business quickly gained traction, securing significant financial backing. The company's journey was marked by rapid fundraising, raising a total of $103 million over three rounds within its first couple of years. This culminated in a substantial $63 million Series B funding round in March 2025, signaling strong investor confidence in its specialized AI-driven approach to legal workflow automation.
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