Supio, a Seattle, WA-based AI platform designed to assist personal injury and mass tort plaintiff law firms, has emerged from stealth mode and secured an oversubscribed $25 million Series A funding round.
Investors
The round was led by Sapphire Ventures, with participation from existing investors Bonfire Ventures and Foothill Ventures. This new investment brings Supio’s total funding to $33 million.
Sapphire Ventures is a global software VC firm with over $10 billion in AUM and offices in Austin, London, Menlo Park, and San Francisco. For over a decade, Sapphire has invested in more than 170 companies, leading to over 30 public listings and 45 acquisitions. Their strategies—Sapphire Ventures, Sapphire Partners, and Sapphire Sport—focus on scaling companies to become industry leaders. The Portfolio Growth team provides strategic support to help portfolio companies scale effectively.
About Supio
Founded in 2021 by Jerry Zhou and Kyle Lam, Supio offers AI software tailored for law firms to analyze complex records, summarize depositions, delve into witness testimonies or expert reports, and prepare for trials. Supio’s AI technology leverages Large Language Models (LLMs) trained on specific data sets for personal injury and mass tort cases, delivering outputs with human-level accuracy, faster and more efficiently. The platform understands and extracts structured medical data and other case records to generate cost-effective legal documents, medical chronologies, and an interactive AI chatbot that provides firms with case insights within seconds.
Funding Details
Company: Supio
Raised: $25.0M
Funding Round: Series A
Funding Date: August 2024
Lead Investors: Sapphire Ventures
Additional Investors: Bonfire Ventures, Foothill Ventures
Company Website: https://www.supio.com/
Software Category: AI Legal
Source: https://www.businesswire.com/news/home/20240827541338/en/