Supio, a purpose-built AI platform trusted by personal injury and mass tort plaintiff law firms to offer crucial insights at the most essential moments in their case, emerged 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 funding brings Supio’s total funding to $33 million.
Supio offers the personal injury and mass tort plaintiff law sectors by automating the understanding of complex, unstructured data collection. And 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. By focusing on personal injury and mass tort plaintiff law, Supio utilizes LLMs to structure data in a closed and secure environment that performs at better than human levels of accuracy, without hallucinations.
Supio offers legal teams with a reliable, interactive platform with an AI-powered chatbot that can be utilized throughout the entire litigation lifecycle. Lawyers trust Supio to provide live, accurate insights while in court to help them win their cases.
TorHoerman Law recently had represented the plaintiff in a bellwether case brought against Abbott Labs that resulted in the healthcare company being ordered to pay $495 million in compensatory and punitive damages (Quote about that below).
Launched in 2021 by former Microsoft engineers Jerry Zhou and Kyle Lam, Supio worked with leading personal injury and mass tort plaintiff law firms to build a solution and deliver the tools, resources and insights these lawyers need. And Supio has helped large and mid-sized law firms service 3,000+ cases in the past year. And 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.
KEY QUOTES:
“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. 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.”
- Jerry Zhou, co-founder and CEO of Supio
“Supio was instrumental for our trial team in preparing for and winning our recent case against Abbott Labs, proving their preterm formula contributed to a dangerous and often deadly bowel disease in a premature infant. Our case involved over 40,000 pages of medical records. Supio enabled us to quickly and accurately identify critical data. It has greatly improved our litigation processes and our ability to deliver justice for our clients.”
- Tyler Schneider of TorHoerman Law
“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. 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.”
- Rajeev Dham, partner at Sapphire Ventures and new Supio board member
