Steno Raises $49 Million in Series C Funding
Steno, a Los Angeles-based company specializing in tech-enabled court reporting and litigation services, has successfully raised $49 million in a Series C funding round. The round, announced on March 25, 2026, was led by Savano Capital Partners. Other significant participants include First Round Capital and The Legal Tech Fund.
Company Overview
Steno offers a unique blend of technology and legal expertise, providing innovative solutions for court reporting and litigation services. The company aims to address the technological and financial challenges that legal professionals face during litigation. By integrating cutting-edge technology with high-touch services, Steno positions itself as a critical player in the legal tech industry.
Founders and Leadership
The company was co-founded by Dan Anderson, who serves as the CTO, Greg Hong, the Chief Executive Officer, and Dylan Ruga. Greg Hong commented on the funding round, emphasizing the company's commitment to enhancing its litigation technology suite and expanding its market presence.
Strategic Use of Funds
The newly acquired funds are earmarked for several strategic initiatives. Steno plans to significantly expand its geographic footprint across the United States. This expansion includes targeting large law firms, such as those in the AmLaw 200.
Additionally, the funding will accelerate the development of Steno’s suite of litigation technology tools. A particular focus will be on enhancing "Transcript Genius," the company's AI-powered transcript analysis tool. This tool aims to streamline legal workflows and provide AI-driven insights to legal professionals.
Investor Involvement
Alongside leading the funding round, Savano Capital Partners will also join Steno's board, playing a vital role in guiding the company through its next phase of growth. Rothschild & Co served as the financial advisor for the transaction, while Cooley LLP acted as legal counsel.
Conclusion
Steno's latest funding round marks a significant milestone in its mission to revolutionize litigation support services. By leveraging the new capital, the company is set to enhance its technology offerings and broaden its reach within the legal community, further solidifying its position as a hybrid provider in the legal tech industry.