Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
SuPIOThe startup that uses artificial intelligence to automate data collection and analyze for legal teams, raised $ 60 million in a financing tour led by Sapphire Ventures with Mayfield and Thomson Reuters Ventures.
The co -founder and CEO Jerry Zhou told Techcrunch that the new capital, which is rising SUPIO to $ 91 million, will be placed towards growth, employment and efforts in the market. SUPIO plans to expand Seattle HQ and open a new office because it doubles approximately 100 people.
SUPIO is one of the many startups that compete for customers and mentality in the AI Legaltech space. While there Suspicion About the ability of artificial intelligence to perform some legal tasks, law firms are subject to competitive pressure to embrace them – fearing that they will risk backwardness. according to WipeArtificial intelligence in the legal profession is built three times nearly 11 % in 2023 to 30 % in 2024.
The idea of SuPIO came after Zhou and LAM, a childhood friend in Chu and his colleague at Avalara for tax compliance, left, Avalara to build their own business. Zhou says they saw an opportunity to “turn how people work with documents.”
“Every day, lawyers and law are spending thousands of hours to review medical records manually, police reports and expert opinions,” said Zhu. “SuPIO’s primary product offers these users by giving them a deep understanding of their unorganized complex data.”
SuPIO, which focuses on the personal injuries law, offers an artificial intelligence powder platform that connects the current file regulations for law firms to help manage cases. Zhou claims that SUPIO uses “human verification” to combat errors that are made of artificial intelligence and ensuring reasonable accuracy.
“We deeply focus on a specialized model (AI) and quality control in the document and data class,” said Chu. “Legal artificial intelligence supports more than 114 types of cases, and this number grows in partnership with our customers.”
SUPIO was a very successful year, according to ZHou. 4X repeated annual revenues grew, as well as the size of the SuPIO customer base. Among the company’s clients are now Hugs & Coleman, Daniel Stark, Thomas Law Offices, Whitley Law and other lawyers for public damage.
To support this expansion (and the future), SUPIO recently appointed sales heads, customer success, marketing and advertising.
“Artificial intelligence has created a major turning point for the legal industry as a whole,” said Zhu. “Every company in every company of the sub -law is considering how they need to re -invent themselves to the era of artificial intelligence. If Excel turns to funding 30 years ago, artificial intelligence will do the same for workers in legal knowledge.”