Vecflow

At August, we envision a future where midsize law firms harness the full power of artificial intelligence to transform their workflows, enabling unprecedented efficiency and agility in legal practice. Our mission is to empower these firms with an innovative, modular AI platform uniquely configured to meet their specific operational needs and regional compliance demands, reshaping how legal services are delivered globally.

We believe that midsize firms, often overlooked by traditional legal AI solutions, represent a critical and dynamic segment poised for technological evolution. By merging deep legal expertise with adaptive AI agents, we create technology that not only automates complex document processes but also respects the nuanced practices of diverse legal environments. Our platform is more than a tool—it is a catalyst for strategic growth and operational excellence in the legal industry.

In the bustling world of legal tech, August (formerly Vecflow) has carved out a fascinating niche. While most AI legal platforms chase after BigLaw's deep pockets, this NY-based startup has taken a refreshingly different approach. We've been tracking their journey since their 2023 launch, and there's a lot to unpack here.

A Smart Play for the Middle Market

What caught our attention first was August's laser focus on mid-sized law firms - a massive but surprisingly underserved market of 50,000+ firms worldwide. It's a clever strategy. These firms often have the same document-heavy workload as their larger counterparts but without the luxury of massive tech budgets. August's modular AI platform feels tailor-made for this sweet spot.

The Tech That Impressed Us

Their AI platform isn't just another generic document reviewer. We're particularly impressed by how configurable it is - firms can essentially build their own AI workflows that align with their specific practice areas and local legal requirements. Their product Oliver has shown strong performance in independent benchmarks, especially in document extraction tasks.

Early Signs of Success

The numbers are telling: one of their clients in India reported a 60% reduction in due diligence time. That's the kind of real-world impact that gets our attention. Their recent $7 million Series A round, backed by heavy hitters like NEA and including OpenAI's Head of Engineering as an angel investor, suggests we're not the only ones seeing the potential here.

Room for Growth

While August is still young, they're showing all the right moves. Their focus on personalized onboarding - bringing both attorneys and engineers into the process - shows they understand that technology adoption in law firms requires more than just good software. It needs the human touch.

If they can maintain their momentum and continue executing on their vision, August could well become a major player in legal tech's middle market. It's a space worth watching.