Legal AI startup Ivo raises $55M Series B at $355M valuation to scale contract AI for in-house legal teams
Summary
Ivo, a legal AI startup focused on reducing hallucinations by breaking contract reviews into 400+ tasks, reportedly raised a $55 million Series B at a valuation of about $355 million. The round is led by existing investor Blackbird with additional backers, aimed at scaling its in-house legal-use AI platform for enterprise customers.