SEATTLE — Supio, an innovative legal artificial intelligence platform catering to personal injury and mass tort law firms, has successfully raised $60 million in a Series B funding round. The initiative was spearheaded by existing investor Sapphire Ventures, with contributions from newcomers Mayfield and Thomson Reuters Ventures. The latest investment brings Supio’s total funding to approximately $91 million.
Supio differentiates itself by combining proprietary AI technology with human expert verification, a method that has significantly enhanced accuracy and reliability in legal contexts. This is especially crucial in litigation, where precise data and trustworthy insights are vital. The funding will enable Supio to expand its engineering and AI research teams, streamline product development, and scale operations to bring its services to more law firms across the nation.
Rajeev Dham, a partner at Sapphire Ventures and a member of Supio’s board, emphasized the transformative impact of Supio’s technology on legal practices. “Law firms are increasingly adopting AI tools that provide tangible advantages in case preparation and results,” he stated. “We are proud to deepen our involvement with a company that is reshaping this sector.”
The injection of funding is also set to facilitate the launch of an enhanced suite of document intelligence tools specifically designed for personal injury cases. Jerry Zhou, co-founder and CEO of Supio, expressed enthusiasm about the company’s growth trajectory. He noted that the advanced features of their platform not only enhance efficiency but also significantly improve case outcomes for clients.
To support its rapid expansion, Supio has welcomed several key executives to its leadership team. Jay Deubler will oversee sales, bringing extensive experience from his time at Avalara. Gwen Sheridan will head customer success, leveraging her background in enhancing post-sale functions at Highspot. Jim Sinai, known for his marketing expertise, previously played a pivotal role in launching Einstein AI at Salesforce.
Since emerging from stealth mode in August 2024 with an initial $25 million Series A funding, Supio’s annual recurring revenue has quadrupled, thus underscoring the effectiveness of its AI solutions. The company now counts numerous leading personal injury and mass tort firms among its clients, including Hughes & Coleman and Thomas Law Offices.
Success stories from firms utilizing Supio’s platform highlight its capacity to boost litigation outcomes. Reports indicate that firms have achieved increased settlement amounts and heightened case volumes since implementing Supio’s technology. Notably, TorHoerman Law secured a landmark verdict of $495 million with assistance from the platform, showcasing its potential in high-stakes cases.
With the endorsement from Thomson Reuters Ventures, which invests in innovative companies aligned with key market demands, confidence in Supio’s future remains high. “We believe that Supio’s solutions are crucial for firms aiming to maximize their case outcomes,” said Tamara Steffens, Managing Director at Thomson Reuters Ventures.
Supio’s platform aims to revolutionize how legal teams manage complex cases by transforming intricate materials into actionable insights. By integrating cutting-edge AI with expert oversight, Supio not only enhances time efficiency but also aims to redefine the legal landscape.
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