Chamelio

Israeli startup Chamelio raised a $26 million Series A led by Entrée Capital, with existing investors Workbench and Emerge Ventures returning and BrightPixel Capital joining. The round came about eight months after a $10 million seed announced in January. CEO and co-founder Alex Zilberman would only say the company’s valuation is in the hundreds of millions. Founded in 2024, Chamelio sells AI software to in-house legal departments, which often face growing contract workloads without plans to hire enough additional attorneys.

Zilberman previously held leadership roles at AI lending company Pagaya and co-founded and served as COO of Israeli facial-recognition company AnyVision, later rebranded as Oosto. Co-founder Gil Banias was AnyVision’s general counsel and brings roughly 15 years of legal experience, including firsthand experience managing a large contract backlog. The third co-founder previously started an AI company acquired by Sage. Chamelio cites industry research saying budget and resource constraints are major obstacles, while only 32% of legal departments expect to add attorneys this year.

Traditional contract-lifecycle-management tools such as Ironclad and Icertis mainly store agreements, track approvals, and extract information; Brian describes them as “a really fancy filing cabinet with some workflow stuff bolted on.” Chamelio says its platform can draft contracts from a company’s existing agreements, review and negotiate terms, route requests, track obligations, and complete multistep workflows. Teams can authorize full autonomy for routine, low-risk agreements or require lawyer oversight, shifting attorneys toward supervision, judgment, and higher-level legal work.

Chamelio says every company has clauses it will never accept and others it readily concedes, so its software uses the company’s contracts, templates, policies, and negotiation history to reproduce that legal team’s approach. Zilberman argues that legal AI should not merely perform faster fact-checking; it should make decisions using each business’s corporate intelligence. The company calls this a “legal intelligence platform” built around structuring messy legal material so its proprietary legal action model can take action rather than simply summarize documents.

Chamelio is extending beyond the legal department by letting customers build agents for procurement, finance, product, HR, compliance, and sales. Legal often blocks a sales redline, vendor approval, or offer-letter review, so the company wants agents to work directly inside those processes through integrations with Salesforce, Slack, NetSuite, and procurement systems. Its legal-engineering staff combine legal and technical skills to migrate legacy systems, organize contract repositories, and convert existing practices into workflows. Funding will support the action model, these teams, product development, and faster onboarding, especially as Chamelio expands hiring in the United States.

Chamelio says annual recurring revenue has grown fourfold since the seed round and that it now has more than 100 customers, adding seven or eight per month. Customers named include Wiz, monday.com, Snyk, AppsFlyer, Fiverr, and others; the company says its first major customer came through cold LinkedIn outreach before Chamelio had a working product or funding. Brian sees the onboarding technology as crucial because migrating years of contracts is difficult, but warns that legal engineering may make the offering expensive and that customers will ultimately test who bears responsibility when an autonomous agent accepts a bad clause. The company competes with Ironclad, Icertis, Ivo, Sandstone, and potentially Harvey.