Table of Contents
The Series B funding round comes after a year of substantial growth in product performance, customer adoption, and market traction to accelerate its mission of making contract intelligence available to every business.
San Francisco, California - January 20, 2026; In a move that signals the end of the "black box" era for corporate legal departments, AI-contract intelligence pioneer Ivo has announced a $55M Series B funding round. Led by Blackbird, the round includes backing from Costanoa Ventures, Uncork Capital, and Fika Ventures, following a year of explosive 500% revenue growth for the firm.
As legal workflows become increasingly overwhelmed by volume, Ivo’s platform is positioning itself as the bridge between dense legal text and actionable business data. The platform—currently utilized by tech giants like Shopify, Uber, and Reddit—aims to transform contracts from static documents into dynamic sources of strategic intelligence.
Solving the Efficiency Paradox
While the demand for accurate contract review has spiked, internal resources for most companies remain flat. Ivo addresses this friction through two core solutions:
- Ivo Review: An AI-driven tool that standardizes legal positions using custom playbooks. Organizations report that this "surgical accuracy" reduces manual review time by up to 75%, allowing global teams to maintain consistency without the traditional bottlenecks.
- Ivo Intelligence: A search-and-discovery layer that allows teams to query their entire contract library in seconds. This eliminates the need for manual metatagging, enabling leaders to answer business-critical questions in minutes rather than months.
Institutional Validation
The Series B follows a landmark year where Ivo expanded its Fortune 500 footprint by 250%. Key partners, including CDW and Uber, cite the platform's high accuracy and multi-language capabilities as primary drivers for adoption.
“Every key relationship in a business is defined by an agreement, yet most organizations struggle to extract the insights inside them,” said Min-Kyu Jung, CEO and Co-founder of Ivo. “Our focus is to give in-house teams a solution that provides visibility into their contracts that was previously impossible.”
The Investor Perspective
James Palmer, Principal at Blackbird, noted that sophisticated legal teams are notoriously selective about their tech stack. “Ivo’s traction with some of the world’s best companies shows it consistently exceeds that bar,” Palmer stated. “We believe Ivo is defining and leading the category.”
The new capital will be used to accelerate product scaling and deepen integration for the hundreds of organizations currently relying on Ivo to manage their legal risk and operational speed.
About Ivo
Ivo is an enterprise-grade AI-powered contract intelligence platform that enables legal and business teams to move faster, reduce risk, and unlock revenue by transforming contracts into streamlined, insight-driven workflows.
Founded in New Zealand and headquartered in San Francisco, Ivo helps organizations surface risk instantly, accelerate negotiation cycles, and remove bottlenecks. By delivering intelligent automation across the contract lifecycle, Ivo gives companies a faster path to revenue growth.
Learn more at www.ivo.ai
