What Ivo does

Ivo is an AI-powered contract intelligence platform serving enterprise legal and procurement teams with automated contract review, contract analytics, and AI-driven legal assistance. Founded in 2021 by former Bell Gully lawyers Min-Kyu Jung (CEO) and Jacob Duligall, the company is headquartered in San Francisco with offices in New York, London, and Auckland. Its customer base spans 150+ corporate clients including Meta, Uber, IBM, Shopify, Canva, Atlassian, Reddit, Pinterest, DoorDash, BILL.com, Mitsubishi Electric, CDW, and others across technology, e-commerce, mobility, and enterprise software verticals.

The platform comprises three products: Ivo Review (automated contract review), Ivo Intelligence (contract analytics and structured data extraction), and Ivo Assistant (legal research and drafting support). Underlying these is a multi-agent reasoning architecture that executes 400+ model calls per contract and trains per-customer benchmark sets on each client's proprietary negotiation history. Independent third-party benchmarking has placed Ivo's review accuracy at 4.52 versus 4.56 for Am Law 25 Special Counsel attorneys, with 97% accuracy reported on the public CUAD dataset, a 75% reduction in contract review time per contract, and a 4.9/5 G2 user rating.

Ivo operates an enterprise SaaS business model, monetizing via subscription contracts scoped to volume, contract complexity, and module access. Headcount stands at approximately 60 employees with stated plans to grow to 180 by the end of 2026. The company has raised approximately $77.2M in disclosed funding across a 2022 pre-seed, an April 2024 seed of $4.8M, a February 2025 Series A of $16M led by Costanoa Ventures, and a January 2026 Series B of $55M led by Blackbird Ventures at a $355M post-money valuation.

Name

Ivo

Legal name

Ivo AI, Inc.

Website

https://ivo.ai

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

101–250 employees

Short description

Ivo is an AI-powered contract intelligence platform serving 150+ enterprise legal and procurement teams with automated review, contract analytics, and AI-driven legal assistance, founded in 2021 and headquartered in San Francisco.

Ownership category

akta.pro rank

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Enterprise SaaS subscription: B2B SaaS subscription revenue from in-house legal teams at enterprise customers. Reporting recurring ARR growth of 6x (500%) over the prior year as of Series B announcement; 134% customer growth and 250% expansion in Fortune 500 adoption.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels9 records

Core offering

Ivo provides an AI-powered contract intelligence platform for enterprise in-house legal teams, delivered as a single SaaS product composed of three integrated modules: Ivo Review (surgical redlining inside Microsoft Word and Google Docs), Ivo Intelligence (an AI-native contract repository that analyzes entire agreement libraries and auto-maps amendments and restatements), and Ivo Assistant (an agentic AI layer for drafting, repository Q&A, and verified multi-jurisdiction legal research). The platform uses a proprietary multi-agent reasoning architecture to benchmark deals against each customer's own negotiation history, apply context-aware playbooks, and produce recommendations with source citations.

Product overview

Ivo is a unified AI contract intelligence platform for enterprise in-house legal teams, delivered as a single SaaS product composed of three integrated modules. Ivo Review performs AI-powered surgical redlining directly inside Microsoft Word and Google Docs, grounding every recommendation in the customer's playbook and historical negotiation deals. Ivo Intelligence provides the AI-native contract repository that analyzes the entire agreement library at scale, automatically maps relationships between contracts, and surfaces structured business insights without manual meta-tagging. Ivo Assistant is the agentic layer that ties the platform together — enabling natural-language drafting, redlining, and Q&A across the repository plus verified multi-jurisdiction legal research from over 100 trusted sources. The modules share the same proprietary AI engine and are sold together to enterprise customers such as IBM, Atlassian, Uber, Canva, Shopify, Meta, and Pinterest.

Differentiator

Problem solved

Functional benefit

Brands

• Ivo Review: AI-powered contract review and redlining product that operates as a Microsoft Word and Google Docs add-in, applying playbooks, negotiation history, and deal context.
• Ivo Intelligence
• Ivo Assistant

Products and services

• Ivo Review AI-powered contract review and surgical redlining product delivered as a Microsoft Word and Google Docs add-in for enterprise in-house legal teams. Compares each agreement against the customer's playbook and historical negotiation deals, applies context-aware benchmarks and fallbacks, and produces redlines with source citations; benchmarked at 97% accuracy on the CUAD dataset and on par with an Am Law 25 Special Counsel.
• Ivo Intelligence AI-native contract intelligence repository for enterprise legal teams that analyzes contracts across an organization's entire agreement library at scale, automatically maps relationships (amendments, restatements, superseding agreements), unifies base agreements with their amendments, and extracts structured insights without manual meta-tagging or predefined fields.
• Ivo Assistant Agentic AI legal associate for enterprise in-house legal teams that lets users draft, redline, and explain contracts via plain-language prompts directly in Microsoft Word, run natural-language queries across the contract repository, and conduct verified multi-jurisdiction legal research from over 100 trusted sources (EDGAR, U.S. Code, eCFR, Companies House, UK Parliament, Court of Justice of the European Union) with citations.

Quantifiable outcome

• Reduces contract review time by up to 75%
• +10 more outcomes

Named customers31 records

Segments6 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability4 records

Feature7 records

Partnerships

Five partnerships are on record, tiered flagship and core.

• New Zealand FootballflagshipStrategic or Co-development Partner · 4 June 2026Official Legal AI Partner of the All Whites, New Zealand's men's national football team, ahead of the 2026 FIFA World Cup. Ivo branding appears on the team's training and press kit. New Zealand Football uses Ivo's contract intelligence platform to draft, review, and analyze all team agreements. The partnership unites two New Zealand-rooted organizations with growing global profiles.
• Microsoft WordflagshipTechnology or IntegrationMicrosoft Word add-in is a primary delivery channel for Ivo Review and Ivo Assistant. Ivo redlines and answers are surfaced directly within Microsoft Word for enterprise customers, supporting surgical redlining, playbook application, and Assistant-driven edits.
• Google DocsflagshipTechnology or IntegrationGoogle Docs add-in is a primary delivery channel for Ivo Review and Ivo Assistant alongside Microsoft Word. Ivo Review is described as 'Available in Microsoft Word and Google Docs.'
• AtlassianflagshipStrategic or Co-development PartnerStrategic partnership highlighted in co-branded case study 'How Atlassian and Ivo built a true strategic partnership.' Atlassian's Deputy General Counsel Jackie Davis is featured prominently as a customer advocate and a homepage video.
• CanvacoreGTM or Marketing PartnerFeatured customer advocate (Suhayb Ahmed, Head of Commercial Legal) on Ivo's About Us page. Co-branded case study 'How Suhayb Ahmed helped build the AI-native legal team at Canva.' Provides customer-marketing amplification.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Harvey: AI platform purpose-built for legal teams, including in-house counsel and law firms, with contract drafting, review, and research capabilities. Directly comparable to Ivo's enterprise in-house legal customer base and AI contract review use case.
• Spellbook: AI contract drafting and review assistant for lawyers, integrated into Microsoft Word. Closely comparable to Ivo Review's redlining and playbook-driven contract review workflow for in-house legal teams.
• Ironclad: Contract Lifecycle Management platform with AI-powered review and redlining for in-house legal teams. Competes with Ivo in the enterprise legal contract intelligence space, though Ironclad is a more full-stack CLM rather than a Word-native add-in.
• Evisort: AI contract intelligence platform that extracts, analyzes, and tracks obligations across enterprise contract repositories. Directly comparable to Ivo Intelligence's AI-native repository capabilities and contract analytics use case.
• Kira Systems (Litera): AI contract review and analysis tool acquired by Litera; used by law firms and corporate legal teams to extract clauses and review contracts. Closely comparable to Ivo on automated contract review and extraction.
• Luminance: AI-powered contract review and analysis platform originating in the UK, deployed by enterprises and law firms globally. Comparable in enterprise contract review focus, with overlapping multi-jurisdiction coverage that competes with Ivo's international expansion.
• LinkSquares: AI-driven CLM and contract analytics platform for in-house legal teams. Competes with Ivo in the contract intelligence and post-signature analysis use cases, particularly for mid-market and enterprise legal departments.
• BlackBoiler: AI-powered contract redlining tool that suggests edits directly in Microsoft Word, trained on a company's own contracts. Closely aligned with Ivo Review's surgical-redlining-in-Word proposition and use of historical negotiation data.
• LawVu: Legal operations and contract management platform built specifically for in-house legal teams. Overlaps with Ivo on the in-house legal ICP and on AI-assisted contract review, though LawVu is broader in legal operations scope.

Broad incumbents

• Thomson Reuters (CoCounsel): Major legal information services incumbent with CoCounsel generative AI assistant covering contract review, legal research, and drafting. Competes with Ivo by bundling contract AI into a much larger content, research, and workflow portfolio that many enterprises already purchase.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/latch_app
• LinkedInlinkedin.com/company/latchapp

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds4 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ivo