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Market Tracked raises in 2026$3.41B+$183M this week Rounds76 LatestBlue J$176M Series E Wednesday, November 11

Fern AI

Fern AI develops legal AI software for employment-law teams to draft agency-charge responses, analyze demand letters, and conduct employment-law research with document citations.

Steno

Steno provides court reporting and litigation support services, including deposition transcripts, for litigators.

Fern AI vs Steno

At a Glance

DetailFern AISteno
CategoryeDiscoveryeDiscovery
Total raisedNot disclosed$77.5M
Rounds trackedNot disclosed4
Latest roundNot disclosedSeries C, $49M · Mar 2026
Last valuationNot disclosedNot disclosed
Lead investorsNot disclosedSavano Capital Partners, Left Lane Capital, Trust Ventures, First Round Capital
Built forNot disclosedLarge firms, Mid-size firms, Boutiques
HeadquartersNot disclosedUS

Funding, Side by Side

Fern AIUndisclosed
Steno$77.5M
Fern AI rounds

No public rounds tracked yet.

Steno rounds
  1. Mar 2026Series C$49M
  2. May 2023Series B$15M
  3. Sep 2021Series A1$10M
  4. Aug 2020Seed$3.5M

Our Take

We have not tested these two head to head yet. The numbers above come from public funding announcements. If you use either one, tell us what you found and it may become a Field Note.

Quick Answers

Which has raised more, Fern AI or Steno?
Steno has raised $77.5M in disclosed funding, compared with no disclosed amount for Fern AI.
What is Fern AI best for?
Fern AI develops legal AI software for employment-law teams to draft agency-charge responses, analyze demand letters, and conduct employment-law research with document citations.
What is Steno best for?
Steno provides court reporting and litigation support services, including deposition transcripts, for litigators.

Source: Legal Tech Circle funding data, from public announcements. Updated November 11, 2026.