Steno, a Los Angeles-based provider of tech-enabled court reporting and litigation support services, has raised $49 million in Series C funding. The round was led by Savano Capital Partners, with continued participation from First Round Capital, The Legal Tech Fund, and other strategic investors.
The company plans to use the capital to significantly expand its geographic footprint across the United States and deepen its presence among large law firms, including the AmLaw 200. The funding will also support accelerated development of its litigation technology suite, particularly its AI-powered tools designed to streamline legal workflows.
Steno has positioned itself as a hybrid provider that combines high-touch litigation services with advanced software, allowing it to embed directly into legal workflows. Its platform is used by thousands of law firms each month, and the company aims to further scale its capabilities by simultaneously enhancing its technology and service offerings.
A key focus of the investment will be the continued evolution of Transcript Genius, Steno’s AI-powered transcript analysis tool. The company intends to release a significantly enhanced version of the product, building on its early traction and user adoption.
Steno’s broader roadmap centers on delivering a unified platform that integrates AI-driven insights with expert litigation support. By combining data-informed technology with service expertise, the company aims to address the complex challenges faced by attorneys, paralegals, and court reporters.
The round also brings Savano Capital Partners deeper into Steno’s growth trajectory, with the firm joining the company’s board as it enters its next phase of expansion. Rothschild & Co served as financial advisor and Cooley LLP acted as legal counsel in connection with the transaction.
KEY QUOTES:
“When we released Transcript Genius, our revolutionary AI-powered transcript analysis tool, it was a game-changer for the industry, driving unprecedented user retention by solving real workflow friction. Today’s investment allows us to release a vastly improved, differentiated offering that stays ahead of anything else in the market. Because we operate as both a world-class services provider and a tech company, we have a unique advantage: we live inside litigation workflows every day. That hybrid position allows us to build AI capabilities that software-only companies simply cannot replicate.”
Greg Hong, CEO of Steno
“Today’s investment marks a major milestone in Steno’s journey as we work to combine personalized service with the latest technology. We’ve already redefined transcript analysis with Transcript Genius, launched the first modern marketplace for court reporting professionals to manage their careers, and made remote litigation easier with Steno Connect. Now, we’re finding new ways for lawyers to work with testimony and case data. Our goal is to expand beyond simple automation, providing a unified platform where data-informed AI and expert litigation support work together to solve the complex challenges law firms face daily.”
Prabhdeep Singh, COO of Steno
“Many companies in the litigation space force law firms to choose between legacy service providers or pure software solutions. Steno is mastering both. Their ability to deliver a concierge experience that customers love while building AI tools grounded in data and a genuine, hard-won understanding of litigation workflows is why we are thrilled to join the board and lead this next phase of growth. The combination of service mastery and contextual depth is nearly impossible for legacy players and adjacent SaaS companies to replicate.”
Max Swicegood, Principal at Savano Capital Partners
