Supio Emerges from Stealth with $25 Million Series A Investment to Empower Personal Injury and Mass Tort Plaintiff Law Firms with AI

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Source: BW

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 serves the personal injury and mass tort plaintiff law sectors by automating the understanding of complex, unstructured data collection. By focusing on personal injury and mass tort plaintiff law, 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.

“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.”

Read full article: https://www.businesswire.com/news/home/20240827541338/en/Supio-Emerges-from-Stealth-with-25-Million-Series-A-Investment-to-Empower-Personal-Injury-and-Mass-Tort-Plaintiff-Law-Firms-with-AI/

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