Supio, an AI-powered legal analysis platform, lands $60M

Supio, a startup that uses AI to automate data collection and analysis for legal teams, has raised $60 million in a funding round led by Sapphire Ventures with participation from Mayfield and Thomson Reuters Ventures. The new capital, which brings Supio’s total raised to $91 million, will be put toward growth, hiring, and go-to-market efforts, co-founder and CEO Jerry Zhou told TechCrunch. Supio plans to expand its Seattle HQ and open a new office as it roughly doubles its 100-person staff. Supio is one of the many startups vying for customers and mindshare in the AI legaltech space. While there’s skepticism about just how well AI can perform certain legal tasks, law firms are under competitive pressure to embrace it — lest they risk falling behind. According to one survey, AI adoption in the legal profession nearly tripled from 11% in 2023 to 30% in 2024. The idea for Supio came about after Zhou and Lam, Zhou’s childhood friend and a co-worker at tax compliance software firm Avalar ... Read full article.