Supio Secures $25M in Series A Funding to Enhance AI Platform for Law Firms
Supio is dedicated to transforming the legal industry by providing AI-powered tools that enhance the efficiency and accuracy of legal work, particularly in personal injury and mass tort cases.
Company Name: Supio
Location: Seattle, WA
Sector: AI for Legal Services
Funding Details: Raised $25 million in Series A funding, bringing the total amount to $33 million. The round was led by Sapphire Ventures, with participation from existing investors Bonfire Ventures and Foothill Ventures.
Purpose of Investment: The company plans to use the funds to expand its operations and further develop its AI platform tailored for personal injury and mass tort plaintiff law firms.
Product and Innovation: Founded in 2021 by former Microsoft engineers Jerry Zhou and Kyle Lam, Supio provides an AI platform specifically designed for law firms handling personal injury and mass tort cases. The platform uses Large Language Models (LLMs) trained on data sets specific to these legal areas, enabling it to analyze complex records, summarize depositions, and dive deep into witness testimonies or expert reports with human-level accuracy. Additionally, Supio’s technology can extract structured medical data and other case records to produce cost-effective legal documents, medical chronologies, and an interactive AI chatbot that provides firms with case insights in seconds.
Key Achievements: Supio has already assisted large and mid-sized law firms in servicing over 3,000 cases in the past year, demonstrating the platform's impact and effectiveness.
Leadership Comment: Jerry Zhou, Co-Founder, and CEO, and Kyle Lam, Co-Founder and CTO, are leading the company’s mission to revolutionize legal workflows with AI. Their expertise, honed at Microsoft, is driving the development of solutions that streamline legal processes and improve efficiency for law firms.
About the Company: Supio is dedicated to transforming the legal industry by providing AI-powered tools that enhance the efficiency and accuracy of legal work, particularly in personal injury and mass tort cases. The company’s innovative platform is helping law firms handle complex legal matters more effectively, ultimately improving outcomes for their clients.