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Venture Capital News: Supio Emerges With $25M Series A Financing

2024-08-27
SEATTLE, WA, Supio emerged today from stealth and announced an oversubscribed $25 million Series A round.
Supio, a purpose-built AI platform trusted by personal injury and mass tort plaintiff law firms to provide crucial insights at the most critical moments in their case, emerged today from stealth and announced an oversubscribed $25 million Series A led by Sapphire Ventures, with participation from existing investors Bonfire Ventures and Foothill Ventures. The new investment brings Supio's total funding to date to $33 million.

Supio is an AI software tailored for law firms to analyze complex records, summarize depositions, deep dive into witness testimonies or expert reports, and prepare for trials. Supio's AI technology leverages Large Language Models (LLMs) trained on specific data sets for personal injury and mass tort cases to create outputs at human levels of accuracy, faster and more efficiently. Supio's AI technology understands and extracts structured medical data and other case records to generate cost-effective legal documents, medical chronologies, and an interactive AI chat bot that enables firms to access case insights within seconds.
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