Supio, an AI-powered legal analysis platform, received $60 million in funding. The round was led by Sapphire Ventures, with Mayfield and Thomson Reuters Ventures participating.
Founded in 2021 by former Microsoft engineers Jerry Zhou and Kyle Lam, Supio aims to automate data collection and analysis for legal teams. The company is based in Seattle, Washington.
Investment Details and Company Growth
This new funding raises Supio’s total capital to $91 million. The company plans to use this investment to expand its Seattle headquarters, open a new office, and nearly double its 100-person staff.
Supio’s annual recurring revenue and customer base have both grown fourfold. The platform supports over 114 case types, focusing mainly on personal injury and mass tort cases.
How Supio’s Platform Works
Supio integrates with law firms’ existing file systems to simplify case management. It uses AI combined with human verification to ensure data accuracy and help legal teams handle complex documents.
Co-founder Jerry Zhou explained that Supio helps attorneys and paralegals review medical records, police reports, and expert opinions more efficiently by structuring unorganized data.
Significance of AI in Legal Technology
Supio’s growth reflects a wider trend of AI adoption in the legal sector. According to a recent survey, AI use in legal practice nearly tripled from 11% in 2023 to 30% in 2024.
Legal firms face pressure to adopt AI tools to stay competitive. While there is some skepticism about AI’s ability to handle complex legal tasks, firms see efficiency gains as a key benefit.
Looking Ahead
Supio has recently appointed new heads of sales, customer success, and marketing to support its expansion. Clients include several well-known personal injury and mass tort law firms.
Jerry Zhou noted that AI creates a major shift for the legal industry, likening its impact to how Excel changed finance decades ago.
- Founded: 2021 by Jerry Zhou and Kyle Lam
- Headquarters: Seattle, Washington
- Funding total: $91 million
- Key investors: Sapphire Ventures, Mayfield, Thomson Reuters Ventures
- Platform focus: Personal injury and mass tort legal cases
- Supports over 114 case types
Supio’s platform and growth plans highlight the expanding role of AI in legal analysis and automation. Its investment round reflects increasing investor interest in the legaltech market niche.
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