Supio, an AI platform for personal injury law, has emerged from stealth with $25 million Series A funding. The round was led by Sapphire Ventures (which recently invested in AI-powered product discovery platform Constructor and proptech unicorn EliseAI) with participation from existing investors Bonfire Ventures and Foothill Ventures. The new investment brings Supio’s total funding to date to $33 million.
“While AI is now ubiquitous, true AI-first companies are rare. Jerry and Kyle have taken a LLM-centric approach to the platform from day one and we believe it’s evident in all aspects of the offering,” said Rajeev Dham, partner at Sapphire Ventures and new Supio board member. “As they just demonstrated with TorHoerman last month, they are helping law firms and their clients level the playing field in a meaningful way. We believe there is ample room to scale their SaaS solution beyond personal injury and mass tort to every legal practice.”
Idea behind Supio
Legal work is time-consuming and labour intensive as it requires collecting cases from a vast pool of evidence. With the emergence of AI, law firms can streamline their workflow and practice. Understanding the need for a streamlined process, former Microsoft engineers and childhood friends Jerry Zhou and Kyle Lam joined hands in 2021 to establish Stupio.
It uses generative AI to automate bulk data collection and aggregation for legal teams. In addition to summarising info, the platform can organise and identify files. This will be useful in the quick outlining, drafting and presenting of a case.
What does the company do?
Supio serves the personal injury and mass tort plaintiff law sectors by automating the understanding of complex, unstructured data collection. This process previously took legal teams days, weeks, or months to preprocess information with no way to access the critical information when it was most needed.
Supio leverages Large Language Models (LLMs) to structure data in a closed and secure environment that performs at better than human levels of accuracy, without hallucinations. It provides legal teams with a reliable, interactive platform with an AI-powered chatbot that can be used throughout the entire litigation lifecycle. Lawyers trust Supio to provide live, accurate insights while in court to help them win their cases.
As per the company, it has helped large and mid-sized law firms service over 3000 cases in the past year. Customers pay a subscription fee based on case volume. Many regularly report that Supio empowers them to eradicate case backlogs and have shared their ability to discover facts or evidence on the platform was pivotal to winning and delivering the justice their clients deserve.
“We built Supio specifically to help personal injury and mass tort plaintiff lawyers gain an edge in litigation by making data readily accessible and actionable, whether they’re in the earliest days of building a case, or litigating in a courtroom,” said Jerry Zhou, co-founder and CEO of Supio. “Most lawyers are data-rich and time-starved, but Supio automates time-sapping manual processes and empowers them to identify critical information to prove and expedite their cases. Because each week, month, or year that drags on waiting for a case to come together is time someone in a likely vulnerable state is not compensated. We think that’s absurd, unfair and often painful.”
