After 500% ARR growth and surging Fortune 500 adoption, the AI contract platform doubles down on accuracy, scale, and enterprise trust

Contracting has become one of the most strained workflows for in-house teams. An increasing number of contracts must be reviewed accurately, but resources are stretched thin. In addition, critical business insights are locked within contracts without easy ways to extract them.

A $55M Series B to fix one of the most painful enterprise workflows

To meet these challenges, Ivo, the AI-powered contract intelligence platform that removes tedious contract review and transforms contracts into reliable business intelligence for enterprises, is announcing a $55M Series B funding round led by existing investor Blackbird, with participation from existing and new investors Costanoa Ventures, Uncork Capital, Fika Ventures, GD1 and Icehouse Ventures.

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Rapid growth signals a strong enterprise pull

Since its last funding round, the company has grown annual recurring revenue by 500%, increased total customers by 134 percent, and expanded adoption within the Fortune 500 by 250 percent.

“Our goal has always been to make interacting with contracts fast, accurate, and enjoyable,” said Min-Kyu Jung, CEO and Co-founder of Ivo. “Every key relationship in a business is defined by an agreement, yet most organizations struggle to extract the insights inside them. Our focus is to give in-house teams a trustworthy solution that helps them work faster and gives them visibility into their contracts that was previously impossible.”

Funding will go toward product depth and enterprise scale

The new capital will support product development and scaling as the company deepens its reach across the hundreds of organizations that already rely on Ivo, including Uber, Shopify, Atlassian, Reddit, and Canva.

Why large enterprises are choosing Ivo

“Uber selected Ivo because it was intuitive to use, demonstrated a high level of accuracy, could work in multiple languages, and met its confidentiality requirements,” Kate Gardner, Senior Manager, Contract Operations at Uber, said. “Furthermore, the Ivo team was highly responsive to Uber’s needs.”

Ivo is purpose-built for in-house teams that need both reviews with surgical accuracy as well as visibility into their complete contract library.

The company’s AI-powered contract review solution, Ivo Review, allows users to complete reviews in a fraction of the time; customers report saving 75 percent of the time that manual review would demand.

Encoding legal judgment directly into workflows

The product standardizes a company’s positions and precedents using playbooks built and implemented by lawyers. This means that every contract is reviewed accurately, consistently, and efficiently, critical for large and globally distributed teams.

What legal teams are seeing in practice

Carla Michel, Director Senior Counsel at CDW, noted: “CDW values its partnership with Ivo, whose commitment to advancing legal technology aligns with our strategic priorities…”

Ivo Intelligence gives companies visibility into every single one of their agreements in seconds without having to rely on manual input or metatagging.

Contracting teams can now answer business-critical questions of their contracts within minutes, rather than taking months of manual review.

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The system also automatically identifies connections between agreements and highlights standard legal positions, allowing contracting teams to operate with greater clarity and control.

Investors bet on precision, not hype

“In-house legal teams demand products that are deeply accurate and aligned to how they work…” said James Palmer, Principal at Blackbird.

Ivo’s long-term vision is to elevate contracts into strategic assets for every business and to make the experience of working with them effortless.

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.

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