Ivo Raises $16M in Series A Funding
Summary
Ivo, a San Francisco, CA-based provider of an AI-powered contract review solution, raised $16M in Series A Funding. The company intends to use the funds to expand operations and its development efforts. Led by Jacob Duligall and Min-Kyu Jung, Ivo provides a platform that automatically checks agreements against company requirements, generates specific suggestions for resolving discrepancies, and creates compromise language between conflicting clauses. Its AI produces naturalistic redlines that mirror the work of experienced attorneys, maintaining consistent terminology and making minimal necessary changes. Customers include companies like Canva, Fonterra, Pipedrive, Weightwatchers, Eventbrite, Blue Cross Blue Shield Kansas City, and several Fortune 500’s.