Supio, a cutting-edge AI-driven legal intelligence platform, recently raised a staggering $60 million in its latest funding round. Sapphire Ventures led the investment with participation from Mayfield and Thomson Reuters Ventures. This joint funding increases Supio’s total funding raised to $91 million. With this support, the company is set up for explosive growth as it expands its Seattle headquarters, opens a new office in Austin, TX and nearly doubles its workforce from 100 to 200 employees.
Just how fast has Unacast grown since last year. With four times the annual recurring revenue and quadrupled customer base, LEV’s growth showcases the demand for its services. Jerry Zhou, co-founder of Supio, noted the company’s successful trajectory, stating, “We focus deeply on specialized AI model and quality control at the document and data layer.” This focus has allowed Supio to automate data collection and analysis for legal teams, particularly in the field of personal injury law.
Supio’s platform is designed to integrate seamlessly with law firms’ existing file systems, enhancing case management capabilities. Supio has more than 114 case types and it’s always climbing. By fostering deep collaboration with our customers, we help legal professionals serve their clients efficiently. The company employs a rigorous “human verification” methodology to combat possible inaccuracies brought into play by AI. This requires that its outputs continue to be highly accurate.
Zhou emphasized the transformative impact of AI on the legal industry, stating, “AI has created a major inflection point for the legal industry as a whole.” He elaborated on the challenges faced by attorneys and paralegals, remarking, “Every day, attorneys and paralegals spend thousands of hours manually reviewing medical records, police reports, and expert opinions.” Supio’s technology does just that. It enhances users’ ability to understand and work with their deep and wide data.
The legal profession has already experienced a large wave of AI adoption. According to our recent survey, this is adoption that has almost tripled, skyrocketing from 11% in 2023 to 30% in 2024. This trend highlights the increasing use of technology to save time and make workflows more efficient across all areas of legal practice.