SAN FRANCISCO, June 09, 2026 (GLOBE NEWSWIRE) -- Billables AI, the AI-native operational intelligence platform built for law firms, today announced the close of its Series A funding round, raising approximately $10.2 million. The round was led by Avenue Growth Partners, an early growth equity firm that backs category-defining vertical technology companies, with additional support from Wing VC, SignalFire and Alumni Ventures. The new capital will be used to accelerate research and development, expand go-to-market efforts and deepen the company's growing ecosystem of legal technology partnerships.

Billables AI has grown rapidly since 2024 when the company raised $3.9M in seed funding led by Wing VC, with participation from several other investors. Today it serves hundreds of law firms, with a particular focus on midmarket practices.

Billables AI goes far beyond traditional timekeeping, integrating directly with the tools attorneys already use, including Microsoft 365, Google Workspace, Zoom, Adobe and more, in addition to law firm practice management platforms, via secure API connections to capture rich data on how legal work actually gets done. That data powers a suite of capabilities including time capture and billing optimization, productivity and workflow insights, revenue forecasting and AI application tracking for risk and governance purposes.

"What impressed us most about Billables AI was the team's vision for operational intelligence in the legal industry," says Brian Goldsmith, cofounder and ...