Artificial intelligence startup Ivo raised $55 million in a funding round to enhance its legal services platform and hire more salespeople. The company’s value is now around $355 million, with investors like Blackbird leading the round. Demand for services automating legal work has grown, with legal AI startup Harvey valued at $8 billion. Ivo’s customers include Uber, Shopify, IBM, Reddit, and Canva, helping them review contracts faster. CEO Min-Kyu Jung noted a trend towards more complex agreements. Despite risks, Ivo achieves high accuracy by breaking reviews into over 400 AI tasks. The company plans to triple its headcount by 2026.

Read more at Yahoo Finance: Legal AI startup Ivo raises $55 million in latest funding round