Ivo, a San Francisco, CA-based provider of a generative AI-powered contract review solution, raised $4.8M in funding.
The round, which brought the total amount to $6.2M, was led by Uncork Capital and Fika Ventures, with participation from previous investors Daniel Gross, GD1, and Phase One Ventures.
The company intends to use the funds to expand its core team and continue to drive innovation within its existing product offering.
Led by CEO Min-Kyu Jung, Ivo works on how organizations review their legal contracts by leveraging generative AI to ensure increased efficiency, accuracy, and consistent negotiating positions. This empowers legal teams to reduce workstreams and effectively review legal contracts at scale.
Customers include Automattic (WordPress and Tumblr), Carparts.com, Pipe, SCAN Health, Commure, and others.
FinSMEs
04/04/2024