Ivo Attracts $16M Series A to Revolutionise Contract Review with Cutting-Edge AI

Meet Ivo, The Legal AI That Will Review Your Contracts

Ivo has raised $16 million in Series A funding—roughly £12.8 million—to further develop its AI-driven contract review platform. Ivo’s solution automates the complex process of contract analysis, rapidly reviewing documents to identify potential risks and ensure regulatory compliance.

The new capital will be used to enhance the platform’s core capabilities, including the development of more sophisticated algorithms to accurately parse legal language and extract key data points. This technological advancement will reduce review times and minimise human error, delivering more reliable insights to legal teams. Additionally, Ivo plans to scale its infrastructure to accommodate increased demand as it expands its market presence.

Investors backing Ivo include strategic partners who recognise the growing need for automation in legal workflows. Their support not only provides essential funding but also validates Ivo’s innovative approach to streamlining contract management. The funds will also be directed towards expanding sales and marketing efforts to capture new clients in both law firms and corporate legal departments.

Ivo is committed to continuous product improvement, leveraging user feedback to refine its interface and add new features that enhance usability and functionality. With its robust AI-driven approach, Ivo is well positioned to transform the contract review process, ultimately delivering significant time and cost savings to legal professionals.