Ivo, Inc.
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An Ivo, Inc. is an American legal tech startup.
- AKA: Accord Software, Inc.?
- Context:
- It can (typically) offer Ivo Products, such as:
- Ivo Contract Review Solution, for automating the review and redlining of legal agreements.
- Ivo Issues List Generator, generating comprehensive issues lists with one click.
- ...
- It can (typically) develop Ivo Platforms, such as:
- The Ivo AI Contract Review Platform, which integrates with Microsoft Word, Google Docs, and PDF formats.
- The Ivo Customization Platform allows for configuring clause libraries and checklists tailored to company-specific legal requirements.
- ...
- It can (typically) develop Ivo Features, such as:
- AI-generated Redlines, which automatically suggest revisions and comments based on company playbooks.
- SOC 2 Type II certification, ensuring the safety and confidentiality of legal documents.
- Dynamic Checklist Review, which verifies document compliance with specific legal standards.
- AI-Powered Comment Bubbles, which insert explanations and justifications for redlines directly into the document.
- ...
- It can (typically) generate summaries and insights for contracts, facilitating faster decision-making and reducing review times by up to 75%.
- It can (typically) offer a platform that integrates with Microsoft Word, Google Docs, and PDF formats to streamline contract review processes.
- It can (often) enhance efficiency in legal departments by providing AI-generated redlines, comment bubbles, and Issues Lists that align with company-specific legal playbooks.
- It can (often) be a preferred choice for legal teams in tech companies, large corporations, and startups looking for agile legal operations.
- ...
- It can leverage generative AI to create dynamic and context-aware revisions, helping companies maintain consistency across their agreements.
- ...
- It can (typically) offer Ivo Products, such as:
- Example(s):
- Counter-Example(s):
- ...
- See: Contract Lifecycle Management (CLM), AI in Legal Tech, Automated Document Review
References
2024
- https://www.linkedin.com/company/ivoai/about/
- Ivo helps organizations reduce the time, effort, and cost of negotiating contracts. Our Generative-AI native software reviews and redlines agreements for consistency against playbooks and historically negotiated agreements.
- Website https://ivo.ai
- Industry Software Development
- Company size 22 associated members
- ...
2024
- Perplexity
- Ivo AI, formerly known as Latch, has an interesting history of growth and evolution in the legal tech space. Here's an overview of the company's journey:
- Founding and Early Years: Ivo was founded in 2012 in New Zealand[1][2]. The company was initially established under the name Latch, with a vision to address the inefficiencies in contract review processes that were slowing down mission-critical projects[1].
- Transition and Relocation: As the company grew, it relocated its headquarters to San Francisco, California, while maintaining its roots in New Zealand[1]. This move likely positioned the company to better access the tech ecosystem and venture capital in Silicon Valley.
- Rebranding and Recent Developments: In 2024, the company underwent a significant rebranding, changing its name from Latch to Ivo[3]. The new name was inspired by Ivo of Kermartin, the patron saint of lawyers, signifying a deeper commitment to serving the legal industry[3].
- Funding History: Ivo has successfully raised capital to fuel its growth:
- In April 2024, the company announced a $4.8 million funding round led by Uncork Capital and Fika Ventures[3][4].
- This latest round brought the company's total funding to $6.2 million[2][4].
- Product Evolution: Throughout its history, Ivo has focused on developing AI-powered solutions for contract review. The company has continually innovated its product offerings, introducing features such as:
- AI-generated playbooks
- One-click issues list generation
- Dynamic checklist review and redline capabilities
- AI-powered comment bubbles[4]
- Current Status: As of 2024, Ivo is positioned as a leading AI-powered contract review platform. The company serves notable clients including Automattic (WordPress and Tumblr), Carparts.com, Pipe, SCAN Health, and Commure[3][4]. Ivo continues to focus on improving efficiency and accuracy in legal contract review processes, leveraging generative AI technologies to streamline workflows for legal teams[5].
- Citations:
[1] https://www.ivo.ai/about-us [2] https://www.cbinsights.com/company/latch [3] https://finance.yahoo.com/news/ivo-generative-ai-legal-contracting-100000583.html [4] https://www.businesswire.com/news/home/20240404371942/en/Ivo-a-Generative-AI-Legal-Contracting-Solution-Raises-4.8M-to-Accelerate-Expansion-of-Existing-Platform [5] https://www.thesaasnews.com/news/ivo-secures-4-8-million-in-funding [6] https://www.futurepedia.io/tool/ivo [7] https://www.legaltech-talk.com/legal-tech-startup-ivo-rides-ai-investment-wave-to-raise-us4-8m/ [8] https://deepgram.com/ai-apps/ivo