Supio, a Seattle startup founded in 2021 by longtime friends and former Microsoft engineers, raised a $25 million Series A investment to supercharge its software platform designed to help lawyers quickly sort, search, and organize case-related data.
It’s the latest legal tech startup to emerge from Seattle, and another example of AI being positioned as a competitive advantage for lawyers.
Supio focuses on cases related to personal injury and mass tort plaintiff law (when many plaintiffs file a claim). It specializes in organizing unstructured data and letting lawyers use a chatbot to pull relevant information.
“Most lawyers are data-rich and time-starved, but Supio automates time-sapping manual processes and empowers them to identify critical information to prove and expedite their cases,” Supio CEO and co-founder Jerry Zhou said in a statement.
TorHoerman Law recently used Supio during a case that it won against Abbott Labs involving premature infant formula.
“Our case involved over 40,000 pages of medical records. Supio enabled us to quickly and accurately identify critical data,” Tyler Schneider of TorHoerman Law said in a statement.
Supio makes money by charging a subscription fee based on case volume. The company has 27 employees and expects to double headcount over the next 12 months.
Zhou and his co-founder, CTO Kyle Lam, have been best friends for three decades. They started their first software business, a mobile gaming app, in 2009, and later joined Avalara and Microsoft, where they worked on product and engineering teams for Office 365.
Sapphire Ventures led the round, which included participation from Bonfire Ventures and Foothill Ventures. Total funding to date is $33 million.
There are a number of startups using AI and other technologies to help lawyers streamline tedious tasks, including Seattle-based companies Clearbrief, Prophia, AllDrafts, and Predict.law.
Others focus more broadly on contracts, including Lexion, which sold to Docusign earlier this year, and Icertis, one of the largest privately held tech companies in the Seattle region.
Supio has more direct legal tech competitors that are using AI for personal injury case work, including EvenUp.
Some surveys show that most legal firms plan to increase their use of generative AI tools. But there are also concerns about the accuracy of AI-boosted legal tech software (hallucinations, etc.) and potential ethical pitfalls.
发布者：Taylor Soper，转转请注明出处：https://robotalks.cn/ex-microsoft-engineers-raise-25m-for-legal-tech-startup-that-uses-ai-to-help-lawyers-analyze-data/
