Stay Ahead of the Curve
Latest AI news, expert analysis, bold opinions, and key trends — delivered to your inbox.
Legal AI Startup Ivo Raises $55M as Demand for AI Lawyers Accelerates
3 min read Legal AI startup Ivo raised $55M in a Series B led by Blackbird, valuing the company at about $355M. The funding will accelerate product development and sales as law firms and in-house teams increasingly adopt AI to automate contracts and legal workflows. January 20, 2026 12:50
Legal AI startup Ivo has raised $55 million in a new Series B funding round as demand for AI-powered legal tools continues to surge.
The round was led by existing investor Blackbird, with participation from Costanoa Ventures, Uncork Capital, Fika Ventures, GD1, and Icehouse Ventures. The raise values Ivo at roughly $355 million, according to a source familiar with the deal.
Ivo plans to use the fresh capital to accelerate product development and expand its sales team, signaling growing enterprise interest in automating legal workflows — particularly contract review, risk analysis, and legal research.
The funding highlights a broader shift across the legal industry. Law firms and in-house legal teams are increasingly turning to AI to reduce costs, speed up contract cycles, and handle growing workloads without expanding headcount. What was once a conservative, slow-moving sector is now one of the fastest adopters of applied AI.
Ivo’s momentum also reflects investor confidence that vertical-specific AI — tools built deeply for one profession rather than general-purpose models — may be more defensible and commercially viable in the long run.
The bigger picture:
As generative AI reshapes white-collar work, legal tech is emerging as a breakout category. With a $355M valuation and fresh capital in hand, Ivo is positioning itself to compete in what’s quickly becoming one of AI’s most lucrative battlegrounds.
AI Agents