Three out of four legal professionals we surveyed told us that it was difficult to evaluate legal AI tools, confirming what we’ve been hearing anecdotally for quite a while. It’s a noisy, crowded market, with multiple vendors making the same claims and offering the same capabilities. What are the questions legal teams should be asking about AI? And how do you stress-test similar-sounding claims coming from so many vendors? Details in the comments.
Ivo
Software Development
AI contract review solution that ensures increased efficiency, accuracy, and consistent negotiating positions.
About us
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
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https://ivo.ai
External link for Ivo
- Industry
- Software Development
- Company size
- 51-200 employees
- Headquarters
- San Francisco
- Type
- Privately Held
Locations
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Primary
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San Francisco, US
Employees at Ivo
Updates
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What is the best way to create a well-functioning, helpful, creative engineering organization? It’s not by hiring a bunch of people and just letting them do what they do, nor is it giving engineers endless sets of metrics and deadlines to meet. Our head of engineering, Didier Smith, believes the secret of building a great engineering org is to create an equilibrium between the technical engineering team and the rest of the non-technical business Successful engineering orgs live in a cosmic balance between the incentives inside the technical organization and the business needs of the non-technical organization. We’re looking for fantastic engineers that can live within that balance. Check out our careers page below if this philosophy resonates with you.
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Ivo reposted this
I'm often asked what differentiates Ivo from other vendors if we're all using the same AI models. Aren't these tools just wrappers around Claude or ChatGPT, and doesn't that imply that different vendors will provide identical outputs? The underlying AI models only account for roughly half of the accuracy of AI contracting tools, which leaves room for significant variance in performance. This is trivially verifiable by evaluating multiple vendors simultaneously and comparing outputs. Why is this the case? Contracts are a domain where there are a long tail of issues that need to be addressed one at a time; contracts are flawed human constructions with thousands of edge cases, and there isn't a single, graceful solution to solving them all simultaneously. I often say that we'll know we've achieved AGI when LLMs can finally format Microsoft Word documents reliably; I'm no longer sure if I mean this as a joke. Solving accuracy for contracts isn't too dissimilar to solving accuracy for self driving cars - the cost of failure isn't quite as high, but we run into similar messy real-world constraints. This results in a wide gap between demos that look good in sterilized environments and reliable products that are ready for real work. For example, we've spent a lot of time painstakingly building our coalescing algorithm to generate more surgical redlines. In the example below, you can see the default output from an AI model; it's technically "correct" in the sense that it would pass a simple automated benchmark, but the redlines are unnatural and hard to understand. You couldn't send this to a counterparty. V2 took several months of iteration to achieve. It still has a problem - the words "If Vendor becomes aware of a..." are redundantly removed and reinserted, which is trickier than it seems because the phrase is both a suffix of the deletion and a prefix of the insertion. It took a breakthrough from our engineers to coalesce the output to the final result in V3. The reason there aren't that many self-driving car companies is that most software teams don't have the patience or diligence to take on a multi-decade bug-fixing marathon. The same will go for contracting; there is no shortcut to achieving great results other than diligently hammering down the long tail.
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Following Ivo’s recent $55M Series B fundraise, CEO and co-founder Min-Kyu Jung sat down with the team at Costanoa Ventures to discuss the milestone, Ivo’s product roadmap, and how to build trust with Fortune 500 customers as a first-time founder. Read the full conversation at the link below.
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Meet Research, the fastest way to get clear, citable legal answers from authoritative, trusted sources. Research pulls directly from U.S sources like SEC filings/EDGAR, the U.S. Code and Congress.gov. In the EU, it uses sources like Companies House and Parliament. Research provides legal reports with line-by-line citations that you can easily check and verify, in addition to factoring in your company profile automatically, so you get the right jurisdiction every time. Here’s how teams are using Research: - Compare liquidated damages rules across states - Summarize new SEC rules for leadership - Check current non-compete laws - Understand EU vs. U.S. privacy differences - Generate jurisdiction-specific reports Take a look to see how Research could speed up your workflow.
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“Where we really brought in Ivo—and where we’ve seen the biggest benefit—is in two areas: accelerating first-pass review so attorneys can focus on higher-value work, and unlocking much more value from our contracts.” - Matthew Gardner, Staff Attorney, Global Legal Operations, Vantage Data Centers Vantage Data Centers designs, builds, and operates hyperscale data centers. As they expanded globally, the number of contracts surged and agreements became more complex. With Ivo, the team now reviews agreements faster, gets visibility into their contract portfolio, and enables finance, operations, and executives to self-serve the data inside their agreements. Ivo’s had a significant impact on the business so far: - 2 hrs review time saved per NDA - 2–3 hrs review time saved per vendor/operations contract - 4–5+ hrs review time saved per construction/GC agreement Read the full story in the link below.
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Meet the newest members of team Ivo! We’re thrilled to have incredible talent joining us as we continue scaling contract intelligence for modern legal teams. Kostja Mirkovic - VP of RevOps Diana Campbell - Solutions Attorney Ed Marco - Enterprise Account Executive Nina Toracca - Events Marketing Intern Imogen Wirth - Customer Success Manager Cesar Marfal - Customer Support Specialist Quint Gamble - Mid Market AE Saurabh Gupta - Principal, Customer Trust & GRC Eden Nazarian - SDR Tong Tong - Legal Engineer Michael McParland - Mid Market AE We can’t wait to see what we build together.
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We are delighted to welcome Ciena Corporation, the global leader in high-speed connectivity, to our growing roster of enterprise customers. Ciena, a Fortune 1000 company, builds advanced networks to support exponential growth in bandwidth demand for the AI era, so our AI-powered contract intelligence platform is a perfect fit for such a forward-thinking business. Ciena uses Ivo in a truly multidisciplinary way. Groups like legal, finance, commercial, and procurement wanted to enhance the contract review process. We’re excited to be working with the entire team.
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We’re bringing together a select group of in-house legal leaders on February 18th to mark Ivo’s Series B fundraise and preview what’s ahead for legal AI. If you’d like to join us at Holbrook House for an evening of insights, connection, and a first look at our 2026 roadmap, request an invitation at the link below - we are nearly at capacity.
Ivo exists because our partners trust us with high-stakes work and push us to build our product the right way: with rigor, care, and an obsession with the details that matter. As we mark Ivo’s Series B milestone and look ahead, we’d love to gather the leaders shaping the future of in-house legal. Join us for an evening of conversation, connection, and celebration. Event Details: - Wednesday, February 18th - 6:00–9:00 PM - Holbrook House, San Francisco What to expect: - Thoughtful conversation with in-house legal leaders - A first look at Ivo’s product roadmap - Insights into how peers are approaching legal AI - Great food, drinks, and an intimate setting We’d love for you to join us! Request a spot at the link below. Spots are limited.
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We believe that contracts are fundamental to how a business operates. Without contracts, business simply wouldn’t exist. When we started Ivo, we wanted to eliminate the grind of manual contract review. We’ve done that extremely well. But now, we want to elevate contracts — and the people who work with them — to their rightful place in the center of enterprise decision-making. The new evolution of Ivo focuses on unlocking the strategic data hiding inside every contract. Our work with companies like Uber, Atlassian, Shopify, Canva, and Reddit, Inc. highlights that when teams understand the risk, relationships, history, and opportunities their contracts contain, they have the ability to operate more strategically across the business and to make better decisions with better outcomes. Take a look at more about our brand evolution in the blog post below.