San Francisco, January 20, 2026: Ivo, a leading AI-powered contract intelligence platform, has raised $55 million in a Series B funding round led by Blackbird, with participation from Costanoa Ventures, Uncork Capital, Fika Ventures, GD1, and Icehouse Ventures. The funding will help Ivo accelerate product innovation, expand its enterprise reach, and transform the way organizations review, manage, and extract insights from contracts.
This new round follows a year of extraordinary growth for Ivo — the company has recorded a 500% increase in annual recurring revenue (ARR), a 134% surge in its customer base, and a 250% rise in Fortune 500 adoption since its previous funding round.
Reimagining Contract Intelligence Through AI
Founded by Min-Kyu Jung and Jacob Duligall, Ivo’s mission is to make interacting with contracts faster, more accurate, and more insightful for legal and business teams.
“Every key relationship in a business is defined by an agreement, yet most organizations struggle to extract insights from them,” said Min-Kyu Jung, CEO and Co-founder of Ivo.
“Our focus is to give in-house teams a trustworthy, AI-powered solution that helps them work faster while gaining visibility into their entire contract ecosystem.”
Ivo’s flagship solutions — Ivo Review and Ivo Intelligence — are transforming how global enterprises handle contract review, negotiation, and compliance monitoring.
Trusted by Leading Global Enterprises
Ivo’s enterprise-grade platform is already used by industry leaders such as Uber, Shopify, Atlassian, Reddit, and Canva.
Uber’s Senior Manager of Contract Operations, Kate Gardner, shared her experience:
“Uber selected Ivo because it was intuitive, highly accurate, supported multiple languages, and met our confidentiality requirements. The Ivo team’s responsiveness made the partnership seamless.”
Similarly, Carla Michel, Director Senior Counsel at CDW, said:
“Ivo’s Contract Review Tool and Intelligence Tool streamline analysis and improve decision-making through AI-driven insights. Their approach to integrating AI into legal workflows aligns perfectly with our strategic priorities.”
The Problem: Traditional Contract Review Can’t Keep Up
Contracting has become one of the most strained workflows for in-house legal and operations teams. Businesses face a growing volume of complex contracts that require precise review — yet manual processes are slow, costly, and prone to human error.
Additionally, critical business intelligence remains locked within unstructured contract data, making it difficult for organizations to identify risk exposure, renewals, and compliance gaps in real time.
Ivo addresses these challenges head-on with an AI-native contract intelligence platform that automates review, standardizes legal positions, and provides instant insights into thousands of agreements simultaneously.
How Ivo Works: From Contract Review to Business Intelligence
Ivo’s AI-powered contract review solution, Ivo Review, enables users to complete reviews up to 75% faster than traditional manual processes.
The system leverages lawyer-built playbooks that codify company policies and contract standards — ensuring every agreement is reviewed accurately, consistently, and efficiently, even across globally distributed teams.
Meanwhile, Ivo Intelligence empowers organizations to instantly search, analyze, and extract insights from their entire contract library. Without manual tagging or data entry, teams can:
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Locate key clauses or obligations in seconds
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Understand interdependencies across agreements
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Identify risk exposure and compliance requirements
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Answer business-critical questions that previously required months of review
This end-to-end visibility enables enterprises to operate with greater speed, accuracy, and strategic clarity.
Investor Confidence: Building the Future of Contract AI
James Palmer, Principal at Blackbird, highlighted why investors are confident in Ivo’s leadership in the AI contract space:
“In-house legal teams demand products that are deeply accurate and aligned with their workflows. Ivo’s rapid traction with some of the world’s best companies shows it consistently exceeds those expectations. We believe Ivo is defining and leading the future of AI contract intelligence.”
The Series B investment will be used to expand Ivo’s product capabilities, enhance its AI-driven legal automation engine, and deepen penetration across Fortune 500 and enterprise markets.
Ivo’s Long-Term Vision: Making Contracts a Strategic Advantage
Ivo aims to transform how global organizations perceive and utilize contracts — turning them from static legal documents into dynamic sources of business intelligence.
As the company continues to expand, its long-term mission is to:
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Elevate contracts into strategic assets for business growth
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Make contract management fast, enjoyable, and intelligent
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Deliver AI-driven insights that empower teams to make better, faster decisions
By removing friction from contract workflows, Ivo is positioning itself at the forefront of legal tech innovation, helping companies unlock revenue, reduce risk, and gain full visibility into their operations.
About Ivo
Ivo is a San Francisco-based AI contract intelligence startup founded in New Zealand. The company helps enterprises automate contract review, streamline negotiation cycles, and turn complex legal data into actionable business intelligence.
With customers across North America, Europe, and Asia-Pacific, Ivo is reshaping how businesses approach contract lifecycle management (CLM) through AI, automation, and data-driven insights.
Ruchi Kumar is the associate editor at Entrepreneur News Network and TVW News India, where she leads editorial strategy, brand storytelling, and startup ecosystem coverage. With a strong focus on innovation, business, and marketing insights, he curates impactful narratives that spotlight India’s evolving entrepreneurial landscape.