Steno Raises $49M Series C to Expand AI-Powered Court Reporting Platform

Steno, a tech-enabled court reporting and litigation support provider, announced a $49 million Series C funding round led by Savano Capital Partners, with continued participation from existing investors First Round Capital, The Legal Tech Fund, and other strategic investors. The capital will enable the company to triple its investments in geographic expansion and development of its litigation technology suite, with particular focus on advancing Transcript Genius, its AI-powered transcript analysis tool launched in 2024.

The funding positions Steno to deepen its penetration within the AmLaw 200—the largest law firms in the United States—and enter new geographic markets. The company operates as a hybrid provider, combining high-touch litigation services including court reporting, remote depositions, videography, and interpreters with software solutions that integrate AI-driven insights into legal workflows. By bundling Transcript Genius at no additional cost with its core services, Steno has removed adoption barriers and embedded the tool directly into law firm operations. The company reports that thousands of firms now utilize its platform monthly.

Since its founding in 2018 by Dan Anderson, Dylan Ruga, and Greg Hong, Steno has raised $150 million in total equity and debt financing. This Series C round follows a $46 million raise in 2024 and reflects investor confidence in the company's strategy of owning more of the litigation process—from initial court reporting through transcript analysis and payment financing—rather than offering standalone AI tools. Savano Capital Partners joined Steno's board as part of the investment, with Rothschild & Co serving as financial advisor and Cooley LLP as legal counsel.