Supio Secures $60M Funding for AI Legal Analysis Expansion

Supio, a Seattle-based AI legaltech startup specializing in automating data collection and analysis for legal teams, has raised $60 million in a Series B funding round led by Sapphire Ventures, with participation from Mayfield and Thomson Reuters Ventures. This new investment brings the company's total funding to $91 million and will be used for expansion, hiring, and go-to-market strategies, including doubling its 100-person staff and opening a new office. Supio focuses on personal injury and mass tort plaintiff law, offering AI-powered tools to help lawyers efficiently manage unstructured data such as legal and medical documents. The platform combines specialized AI models with human expert verification to improve accuracy and reliability, which has led to notable increases in law firms' case win rates and volumes. The rapid adoption of AI by legal professionals is evident, with industry surveys showing usage nearly tripling between 2023 and 2024, as firms seek competitive advantages through technology. Supio's growth reflects broader trends in the legal sector, where AI is increasingly viewed as essential for improving case outcomes and managing complex litigation.