Supio is a very impressive Legal AI startup out of Seattle founded by Ex Microsoft employees. They just came out of stealth mode and announced they had raised $25 Million.
After seeing their website and reading more about them, it is not at all surprising that they have raised $25 Million in funding.
Thanks to GeekWire for covering this.
What does Supio do?
Supio is a Legal AI Tech startup that focuses on a very specific area
- They focus on a legal AI built for personal injury and mass tort law cases
- The AI helps lawyers to search through the case data
- The AI goes through the data and provides insights which helps Personal Injury Lawyers win their cases
It’s quite a neat area to tackle.
Legal AI Tech companies are fascinating to us because there is a natural fit for AI with Legal work.
How much has Supio raised & from whom?
Supio came out of stealth at the end of August 2024 and announced it has raised $25 Million in a Series A led by Sapphire Ventures. This adds to a Pre Seed Round of $8 million (assumption).
Pre Seed Round – Presumably $8 Million from SeaChange.
Series A – $25 Million from Sapphire Ventures (led the round), Bonfire Ventures, and Foothill Ventures.
Current Job Opportunties at Supio
Supio has a dedicated Careers page with the following jobs available
- AI Operations Analyst
- Data Analyst
- Data Engineer
- Product Manager
- Software Engineer
- Sales Development Representative (SDR)
- Product Marketing Manager
- Demand Generating Marketing Manager
- Events Marketing Manager
All positions are based in Seattle, WA, USA. Supio has 27 employees and expects to double head count within the next 12 months.
What does DealAI think of Supio?
- Very impressive AI Startup
- Clear focus on one niche in Legal AI is beautiful
- Very cleanly laid out website
- Absolutely no BS. Not surprising as most Ex Microsoft people are not into the ‘virtue signaling’ game of – We are only starting this company to save baby seals and we are not doing it for the money
- Have one good reference. They really need a Clients page and they really need more good references
- The one good reference is very solid
- They have a real opportunity to release a product for Healthcare as what they are doing is already covering some key aspects of Healthcare
- We think they have a very good chance of succeeding. The mix of no-nonsense approach and focusing on a small niche in Legal is great
- Combine that with possible expansion to more Legal Areas
- Combine that with possible expansion to Healthcare
- You have a winning formula
- Supio charges a subscription fee based on case volume. We are not big fans of this model. However, it would be interesting to know why they chose this model over a Per Seat based model
- The two co-founders, Jerry Zhou and Kyle Lam, have been best friends for 3 decades. They have worked together at Microsoft in the past
It is quite an interesting company and we hope they continue to do well.
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