Supio Secures $60M to Expand AI-Powered Legal Analysis Platform
Supio, a startup leveraging AI to streamline legal data analysis, has secured $60 million in a funding round led by Sapphire Ventures, with participation from Mayfield and Thomson Reuters Ventures. This brings the company’s total funding to $91 million, which will fuel expansion, hiring, and market strategies.
Co-founder and CEO Jerry Zhou revealed plans to grow Supio’s Seattle headquarters and open a new office while doubling its current 100-person workforce. The company aims to address inefficiencies in legal workflows, particularly in personal injury law, where attorneys spend countless hours reviewing unstructured documents like medical records and police reports.
“Every day, attorneys and paralegals spend thousands of hours manually reviewing documents,” Zhou said. “Supio’s core product serves these users by giving them a deep understanding of their complex, unstructured data.”
Supio’s platform integrates with law firms’ existing systems, using AI-powered case management to improve efficiency. To ensure accuracy, the company employs human verification to minimize AI-related errors. Zhou emphasized their focus on specialized AI models and quality control, supporting over 114 case types—a number that continues to grow.
The legal industry is rapidly adopting AI, with usage nearly tripling from 11% in 2023 to 30% in 2024. Supio has seen significant traction, with annual recurring revenue growing 4x alongside an expanding client base that includes Hughes & Coleman and Thomas Law Offices.
“AI has created a major inflection point for the legal industry,” Zhou stated. “If Excel transformed finance 30 years ago, AI will do the same for legal knowledge workers.”
