Supio, a Seattle, WA-based provider of a purpose-built AI platform for personal injury and mass tort plaintiff law firms, raised $25M in Series A funding.
The round, which brought the total amount to $33M, was led by Sapphire Ventures, with participation from existing investors Bonfire Ventures and Foothill Ventures.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2021 by former Microsoft engineers Jerry Zhou and Kyle Lam, Supio provides AI software used for law firms to analyze complex records, summarize depositions, deep dive into witness testimonies or expert reports, and prepare for trials. Its AI technology leverages Large Language Models (LLMs) trained on specific data sets for personal injury and mass tort cases to create outputs at human levels of accuracy and efficiently. It also understands and extracts structured medical data and other case records to generate cost-effective legal documents, medical chronologies, and an interactive AI chat bot that enables firms to access case insights within seconds.
The company has helped large and mid-sized law firms service over 3000 cases in the past year.
FinSMEs
27/08/2024