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Ivo raises $16M Series A to deliver reliable AI contract review at scale, as it launches Ivo Search Agent
随着Ivo搜索代理的推出,Ivo筹集了1600万美元的A系列资金,以大规模提供可靠的人工智能合同审查
AI-powered legal assistant cuts contract review time by 75%, as demand surges for intelligent automation in corporate legal departments.
由于公司法律部门对智能自动化的需求激增,人工智能法律助理将合同审查时间缩短了75%。
SAN FRANCISCO, February 5, 2025-- Contract negotiation remains the most challenging bottleneck in the contract lifecycle, with legal teams spending hours on manual redlining and revisions while ensuring perfect accuracy. As contract volumes surge, in-house lawyers face mounting pressure to review more agreements than ever before – yet traditional automation tools prioritize speed over accuracy, forcing legal teams to choose between efficiency and reliability.
旧金山,2025年2月5日——合同谈判仍然是合同生命周期中最具挑战性的瓶颈,法律团队花费数小时进行手动红线批注和修订,同时确保完美的准确性。随着合同数量激增,内部律师面临着比以往任何时候都要审查更多协议的压力,然而传统的自动化工具将速度置于准确性之上,迫使法律团队在效率和可靠性之间做出选择。
Today, Ivo announces a $16 million Series A funding round to scale its AI-powered contract review solution that has already helped over 150 corporate legal teams negotiate their agreements. Ivo’s customers include companies like Canva, Fonterra, Pipedrive, Weightwatchers, Eventbrite, Blue Cross Blue Shield Kansas City, and several Fortune 500’s..
今天,Ivo宣布了一轮1600万美元的a系列融资,以扩大其人工智能支持的合同审查解决方案,该解决方案已帮助150多个公司法律团队谈判协议。。。
The Series A funding round is led by Costanoa Ventures, with participation from Fika Ventures, Uncork Capital, NFDG, Blackbird VC, GD1, and Phase One Ventures. It brings Ivo's total funding to $22.2 million, following early backing from Daniel Gross and a $4.8 million seed round led by Fika Ventures and Uncork Capital.
A轮融资由Costanoa Ventures牵头,Fika Ventures、Uncork Capital、NFDG、Blackbird VC、GD1和第一阶段Ventures参与。在DanielGross的早期支持以及Fika Ventures和Uncork Capital领导的480万美元种子轮投资后,Ivo的总资金达到2220万美元。
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Ivo has developed a breakthrough approach to contract review that sets new standards for accuracy. The platform automatically checks agreements against company requirements, generates specific suggestions for resolving discrepancies, and creates compromise language between conflicting clauses. Unlike competitors that treat legal review as a simple automation problem, Ivo's sophisticated AI produces naturalistic redlines that mirror the work of experienced attorneys, maintaining consistent terminology and making minimal necessary changes.
Ivo开发了一种突破性的合同审查方法,为准确性设定了新的标准。该平台根据公司要求自动检查协议,生成解决差异的具体建议,并在冲突条款之间创建折衷语言。与将法律审查视为简单自动化问题的竞争对手不同,Ivo复杂的人工智能产生了自然红线,反映了经验丰富的律师的工作,保持了术语的一致性,并进行了最小程度的必要更改。
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'When I was a corporate lawyer, contract review was amongst the most manual and time-consuming tasks,' says Min-Kyu Jung, CEO and Co-founder of Ivo. Determined to solve this problem himself, Jung left his legal career, taught himself to code, and began building what would become Ivo. After speaking with hundreds of legal professionals and iterating through multiple versions of the product, his team developed a solution that lawyers could use in confidence..
“当我还是一名公司律师时,合同审查是最手工和最耗时的任务之一,”Ivo首席执行官兼联合创始人闵圭(Min Kyu Jung)说。郑决心自己解决这个问题,他离开了法律生涯,自学了代码,开始构建将成为Ivo的东西。在与数百名法律专业人士交谈并反复使用该产品的多个版本后,他的团队开发了一种解决方案,律师可以放心使用。。
The impact on legal teams has been immediate and significant. “Ivo reduced our average time to approve counterparty NDAs for signatures from four days to two, while first pass turn improved from an average of 11 hours to 5 minutes,” says Adrie Christiansen, Legal Operations Lead at Quora. Similarly, Geotab's legal team reports an average savings of 45 minutes per contract review – a 75% efficiency gain that allows their lawyers to focus on strategic work.
这对法律团队产生了直接而重大的影响。Quora法律运营负责人Adrie Christiansen表示:“Ivo将我们批准对方NDA签名的平均时间从四天减少到了两天,而第一次通过的时间从平均11小时缩短到了5分钟。”。同样,Geotab的法律团队报告说,每次合同审查平均节省45分钟,效率提高了75%,使他们的律师能够专注于战略工作。
This improvement comes without sacrificing accuracy, as Ivo's transparency allows lawyers to understand and validate every suggestion. The platform has proven particularly valuable for high-volume contract review, where maintaining consistency across thousands of agreements is critical. Through extensive customization options and playbook features, legal teams can establish clear guardrails that enable business users to handle initial contract reviews while ensuring proper escalation protocols..
这种改进不会牺牲准确性,因为Ivo的透明度使律师能够理解和验证每一个建议。事实证明,该平台对于大批量合同审查特别有价值,在这种情况下,保持数千份协议的一致性至关重要。通过广泛的定制选项和剧本功能,法律团队可以建立清晰的护栏,使业务用户能够处理初始合同审查,同时确保适当的上报协议。。
The timing of Ivo's expansion is critical. As artificial intelligence emerges as potentially the most transformative technology since the internet, legal teams face mounting pressure to adopt solutions that can scale their capabilities. Yet most AI tools lack the sophistication to handle complex legal analysis, creating more work for lawyers who must double-check every output.
Ivo扩张的时机至关重要。随着人工智能成为自互联网以来最具变革性的潜在技术,法律团队面临着越来越大的压力,需要采用能够扩展其能力的解决方案。然而,大多数人工智能工具缺乏处理复杂法律分析的复杂性,这为律师创造了更多的工作,他们必须仔细检查每个输出。
With its team of in-house lawyers continually refining and enhancing the platform, Ivo has developed an approach that augments rather than replaces legal judgment – acting as a “powerful force multiplier” for teams handling increasingly large volumes of contracts..
随着其内部律师团队不断改进和增强平台,Ivo开发了一种方法,可以增强而不是取代法律判断,为处理越来越多合同的团队提供“强大的力量倍增器”。。
Today's launch of Ivo Search Agent marks another milestone in the company's mission to transform how legal teams work. This new capability revolutionizes contract search and analysis by eliminating the need for manual metadata tagging — a significant pain point in traditional contract lifecycle management systems.
今天推出的Ivo Search Agent标志着该公司转变法律团队工作方式的另一个里程碑。这一新功能通过消除手动元数据标记的需要而彻底改变了合同搜索和分析,这是传统合同生命周期管理系统的一个重要痛点。
Legal teams can now search and generate reports across their entire contract portfolio regardless of where documents are stored, whether in cloud storage solutions like Box and SharePoint or local computers. The system works seamlessly across various data sources, including CLM integrations, requiring minimal implementation while delivering comprehensive insights..
法律团队现在可以在整个合同组合中搜索和生成报告,无论文档存储在哪里,无论是在Box和SharePoint等云存储解决方案中还是在本地计算机中。。。
'Ivo is fundamentally transforming contract review for lawyers and legal teams,' said Amy Cheetham, Partner at Costanoa Ventures. 'By leveraging AI to manage the meticulous, painstaking work of contract review, Ivo gives legal teams tools designed by lawyers to work faster with greater accuracy. In a world where legal organizations are constantly under pressure to meet business demands and improve efficiency, the launch of Ivo's new search tool will allow legal teams to search and generate reports across their entire contract portfolio, significantly reducing their workload and increasing efficiency.'.
Costanoa Ventures合伙人艾米·奇瑟姆(AmyCheetham)说,Ivo正在从根本上改变律师和法律团队的合同审查通过利用人工智能管理细致、艰苦的合同审查工作,Ivo为法律团队提供了由律师设计的工具,以更快、更准确地工作。在法律组织不断面临满足业务需求和提高效率的压力的世界中,Ivo新搜索工具的推出将使法律团队能够在整个合同组合中搜索和生成报告,从而大大减少工作量并提高效率。”。
'The legal profession is in the early stages of an AI-driven transformation,' adds Min-Kyu Jung. 'We're building Ivo to ensure this change enhances rather than diminishes the crucial role of legal judgment. Our vision is to give every legal team the power to handle enterprise-scale contract volumes while maintaining the highest standards of accuracy and control.'.
Min Kyu Jung补充道,法律职业正处于人工智能驱动的转型的早期阶段我们正在建立Ivo,以确保这种变化增强而不是削弱法律判断的关键作用。我们的愿景是让每个法律团队都有权处理企业规模的合同量,同时保持最高的准确性和控制标准。”。
About Ivo
关于Ivo
Ivo is on a mission to reduce the time, effort and cost spent on contracts. Ivo was founded out of a belief that contracts are foundational to commerce. The founders saw first-hand how contract review was slowing down mission-critical projects, and decided to do something about it.
Ivo的使命是减少在合同上花费的时间、精力和成本。。创始人亲眼目睹了合同审查是如何减缓关键任务项目的进度的,并决定对此采取行动。
Founded in New Zealand and now headquartered in San Francisco, Ivo powers the world's most comprehensive and accurate AI Contract Review platform, designed to help legal and business teams accelerate time-to-close and unblock contracts from key business processes.
Ivo成立于新西兰,目前总部位于旧金山,是世界上最全面、最准确的人工智能合同审查平台,旨在帮助法律和业务团队加快关闭和解除关键业务流程中合同的时间。
By using AI to reduce the time, effort, and cost of negotiating contracts, Ivo makes it easier for businesses to work together. For more information please visit https://www.ivo.ai/ or follow via LinkedIn
通过使用人工智能减少谈判合同的时间、精力和成本,Ivo使企业更容易合作。有关更多信息,请访问https://www.ivo.ai/或者通过LinkedIn关注
About Costanoa Ventures
关于Costanoa Ventures
Founded in 2012, Costanoa Ventures partners with technical and product founders as early as company formation, with a focus on apps and infrastructure in data, dev and fintech. Costanoa is a long-term partner to entrepreneurs who want hands-on help in their earliest company stages on all things go-to-market and talent.
Costanoa Ventures成立于2012年,在公司成立之初就与技术和产品创始人合作,专注于数据、开发和金融科技领域的应用程序和基础设施。科斯塔诺是企业家的长期合作伙伴,他们在公司的早期阶段就希望在所有产品上市和人才方面得到实际帮助。
For more information, please visit https://costanoa.vc/.
有关更多信息,请访问https://costanoa.vc/.