Ivo
Category: AI in Legal
Ivo offers an AI-powered contract review platform designed to improve efficiency and accuracy for legal professionals. Ivo was founded in 2022. The company is led by Min-Kyu Jung. Based in San Francisco, CA, USA. Team size: N/A. Total funding raised: Approximately $77.2 million. Latest round: $16 million Series A funding led by Costanoa Ventures.. Key investors include Blackbird, Costanoa Ventures, Uncork Capital, Fika Ventures, GD1, Icehouse Ventures, NFDG, Phase One Ventures.
- Founded
- 2022
- Headquarters
- San Francisco, CA, USA
- Team size
- N/A
- Total funding
- Approximately $77.2 million
Value proposition
Reduces the time and effort required for contract review and negotiation by leveraging AI to ensure consistent negotiating positions and faster business value.
Products and solutions
AI-generated Playbooks, One-click Issues List generation, Dynamic Checklist review and Redline, AI-powered Comment Bubbles, Ivo Search Agent
Unique value
Ivo's use of generative AI to automate and streamline contract review processes, providing tailored suggestions and improving negotiation efficiency.
Target customer
Legal teams and contract professionals across various industries.
Industries served
Tech, Healthcare, Finance
Technology advantage
The integration of AI in contract review reduces manual effort and enhances accuracy, allowing legal teams to focus on strategic work.
How they differentiate
Ivo focuses on generative AI for contract review efficiency and consistency, offering unique features like AI-generated playbooks and dynamic checklists.
Main competitors
Juro, Harvey, LegalOn
Key partnerships
Uncork Capital, Fika Ventures, Costanoa Ventures, Blackbird, Icehouse Ventures, New Zealand Football
Notable customers
Uber, Shopify, IBM, Atlassian, Canva, Reddit, Pinterest, Quora, Meta, Mitsubishi Electric, BILL.com, Fortune 500 companies
Major milestones
SOC 2 Type II and ISO 27001 certifications, $55M Series B funding led by Blackbird (Jan 2026), 6x ARR growth in 12 months, Opened offices in London and New York, Partnership with New Zealand Football (June 2026), Launch of Ivo Benchmarks and Playbook Builder
Growth metrics
6x ARR growth YoY, 134% customer growth YoY, 97% accuracy against CUAD dataset, 85% head-to-head trial win rate, 75% reduction in contract review time
Market positioning
Positioned as a leader in AI-driven contract review solutions, targeting legal teams seeking to enhance efficiency and accuracy.
Geographic focus
Primarily focused on the U.S. market, with a global customer base.
Patents and IP
Not explicitly mentioned in available sources.
About Min-Kyu Jung
Min-Kyu Jung is the Co-founder and CEO of Ivo. He was formerly a Solicitor at Bell Gully, specializing in M&A. He is a member of the Forbes Technology Council and was listed in Forbes 30 Under 30 - Asia - Enterprise Technology in 2024.
Latest news about Ivo
More AI in Legal companies
Official website: https://ivo.ai
