Supio, a startup that uses AI to automate data collection and analysis of legal teams, raised $60 million in funding rounds with the involvement of Mayfield and Thomson Reuters Ventures.

Co-founder and CEO Jerry Zhou told TechCrunch that the new capital will bring Supio’s total to $91 million in total to $91 million. Supio plans to expand its Seattle headquarters and open a new office, which is about 100 employees.

Supio is one of many startups that compete for customers and is also a thinking service in the field of AI LegalTech. Despite skepticism about the attitude of AI to perform certain legal tasks, law firms are under competitive pressure to embrace it - lest they risk falling behind. According to a survey, AI adoption in the legal community ranges from 11% in 2023 to 30% in 2024.

Supio's idea came after Zhou and Lam's childhood friend and colleague Lam of Avalara, a tax compliance software company, left Avalara to build his own business. Zhou said they saw an opportunity to "change how people use files."

“Every day, attorneys and paralegals spend thousands of hours manually reviewing medical records, police reports and expert opinions,” Zhou said. “Supio’s core product serves these users by gaining insight into its complex, unstructured data.”

Supio, which focuses on personal injury laws, provides an AI-powered platform that connects to law firms’ existing file systems to assist case management. Zhou Sheng claimed that Supio adopts "human verification" to combat mistakes introduced by AI and ensure reasonable accuracy.

“We focus on professional (AI) models and quality control in the documentation and data layers,” Zhou said. “Our legal AI supports more than 114 case types and that number grows in partnership with our customers.”

According to Zhou, Supio had a pretty successful year. The annual recurring revenue and Supio customer base also grew 4 times. The company's clients now include Hug & Coleman, Daniel Stark, Thomas Law Compries, Whitley Law, and other personal injury and mass infringement law firms.

To support this (and future) expansion, Supio recently appointed heads of sales, customer success, and marketing and advertising.

“AI creates a major turning point for the entire legal industry,” Zhou said. “Every company in every sub-scope of law is thinking about how to reinvent itself in the AI ​​era. If Excel had turned into finance 30 years ago, AI would have done the same for legal knowledge workers.”