In another hefty legal tech raise, GenAI personal injury and mass tort platform Supio today (30 April) announced a $60m Series B funding round led again by Sapphire Ventures, with participation from Mayfield and Thomson Reuters Ventures.
In August last year, Supio announced that it had raised $25m Series A led by Sapphire Ventures and with participation from Bonfire Ventures and Foothill Ventures. Founded in 2021, the San Francisco-founded startup’s total funding to date is now $93m.
Supio is the brainchild of founders Kyle Lam (CTO) and Jerry Zhou (CEO), both who previously worked for Microsoft. Supio leverages large language models to monitor medical bills and other records to, for example, flag undiagnosed injuries; give an up-to-date snapshot of a case’s potential settlement; provide medical chronologies; draft and edit demands with human expert review in the loop; and draft court documents from interrogatories to opening statements. Customers, which include Thomas Law Offices, Daniel Stark, Thomas Law Offices and Whitley Law, pay a subscription fee based on case volume.
Zhou said: “AI has created a major inflection point for the legal industry as a whole. Every firm across every sub-vertical of law is thinking about how they need to reinvent themselves for the AI era. If Excel transformed finance 30 years ago, AI will do the same for legal knowledge workers.”
See also:
Personal injury and mass tort gen AI startup Supio raises $25m Series A