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Supio , a startup that employ AI to automate data collection and depth psychology for legal teams , has raise $ 60 million in a funding round led by Sapphire Ventures with engagement from Mayfield and Thomson Reuters Ventures .
The Modern capital , which brings Supio ’s total levy to $ 91 million , will be put toward growing , hiring , and go - to - market efforts , co - founder and CEO Jerry Zhou separate TechCrunch . Supio plan to blow up its Seattle HQ and open up a new office as it rough double its 100 - somebody faculty .
Supio is one of the many startups contend for customers and mindshare in the AI legal tech distance . While there’sskepticismabout just how well AI can execute sure legal project , law firms are under competitive atmospheric pressure to embrace it — lest they run a risk falling behind . According toone view , AI espousal in the legal profession nearly tripled from 11 % in 2023 to 30 % in 2024 .
The melodic theme for Supio come about after Zhou and Kyle Lam , Zhou ’s childhood friend and a co - worker at tax compliance software system firm Avalara , left Avalara to make their own business . Zhou says that they look an chance to “ transmute how people work with document . ”
“ Every day , attorneys and paralegals spend grand of hours manually reviewing aesculapian records , police reports , and expert opinion , ” Zhou say . “ Supio ’s core intersection function these user by giving them a inscrutable sympathy of their complex , amorphous data . ”
Supio , which focalize on personal injury natural law , tender an AI - powered platform that touch base to police firms ’ existing file systems to attend with case management . Zhou claims that Supio hire “ human check ” to battle AI - present errors and ensure sensible accuracy .
“ We focus deeply on specialised [ AI ] model and quality control at the document and data level , ” Zhou said . “ Our legal AI supports over 114 case types and that issue is maturate in partnership with our customers . ”
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Supio has had quite a successful class , according to Zhou . Annual recurring receipts has grown 4x , as has the size of Supio ’s customer base . The company ’s clients now admit Hughes & Coleman , Daniel Stark , Thomas Law Offices , Whitley Law , and other personal wound and mass tort law firms .
To keep going this ( and future ) expansion , Supio recently charge head of sales , client winner , and marketing and advertising .
“ AI has created a major inflection point for the legal manufacture as a whole , ” Zhou said . “ Every firm across every Cuban sandwich - erect of law is remember about how they need to reinvent themselves for the AI era . If Excel translate finance 30 class ago , AI will do the same for legal noesis workers . ”
