San Francisco, CA — Emerging from stealth with significant momentum, Supio has recently announced a successful $25 million Series A funding round, which was led by Sapphire Ventures and saw participation by other veteran investors such as Bonfire Ventures and Foothill Ventures. This brings the AI platform’s total capital raised to $33 million. Developed with the unique needs of personal injury and mass tort plaintiff law firms in mind, Supio introduces an innovative solution that leverages AI to process and analyze complex legal data with unprecedented speed and accuracy.
The AI-driven platform caters specifically to the sectors of personal injury and mass tort law by efficiently automating the analysis of extensive and unstructured data collections. Traditionally, legal teams faced long periods of data preprocessing, which could extend from days to months, with no immediate access to essential information when most needed. Supio addresses these challenges by employing large language models (LLMs) to structure data within a secure, closed environment, delivering performance that surpasses human accuracy and is free from erroneous outputs commonly referred to as “hallucinations.”
For legal practitioners, Supio offers a robust, interactive tool that integrates an AI-powered chatbot, serviceable throughout various litigation stages. This capability becomes a cornerstone for lawyers, particularly when real-time, accurate insights are required during courtroom proceedings, enhancing their ability to argue and win cases.
One notable application of the technology was by TorHoerman Law, which represented clients in a significant lawsuit against Abbott Labs. The law firm benefited from Supio’s platform, which managed over 40,000 pages of complex medical records, helping them secure a $495 million verdict in compensatory and punitive damages for their client.
Launched in 2021 by Jerry Zhou and Kyle Lam, former engineers from Microsoft, Supio adapted its cutting-edge technology to meet the intricate demands of leading personal injury and mass tort law firms. Within just a year, the platform has been instrumental in managing over 3,000 cases. Client law firms are typically subscribed to Supio based on their case volumes, with many reporting substantial reductions in case backlog and citing the platform’s capabilities as critical to their success in court.
The co-founders emphasize that Supio was meticulously designed to enhance litigation strategies by affording lawyers quick access to actionable data, thus addressing the common challenge of being “data-rich but time-starved.” The platform revolutionizes the way legal professionals handle information, turning what used to be a waiting game into a more streamlined and effective process.
Tyler Schneider from TorHoerman Law highlighted the transformative impact of Supio in their recent trial, noting the platform’s pivotal role in swiftly pinpointing vital information which was crucial for their case’s success. According to Schneider, Supio has marked a significant improvement in their litigation procedures and overall justice delivery for their clients.
Rajeev Dham, a partner at Sapphire Ventures who has also joined Supio’s board following the investment, remarked on the innovative nature of the platform. He underlines that while AI technologies are becoming common, a true AI-first approach like that of Supio is still rare in the legal field. Dham expressed confidence in the potential scalability of Supio’s solution across various legal practices beyond personal injury and mass tort.
This influx of funding and the high potential for expansion highlights a pivotal period for Supio as it continues to redefine technological integration into legal practices, promising more efficient, accurate, and just outcomes in the challenging arena of law.