Ivo serves major customers like Uber, Shopify, IBM, Reddit, and Canva, helping businesses review contracts faster and derive insights from legacy deals.

With the new funding, Ivo plans to accelerate product development and triple its headcount from about 60 to roughly 180 by the end of 2026.

Revenue has grown sixfold since the previous funding round in February, signaling strong traction in the contract AI space.

Industry watchers caution that AI in law carries risks of hallucinations and fictitious citations, underscoring the need for accuracy in legal applications.

Ivo mitigates these risks through a multi-task, specialized AI agent approach that decomposes reviews into auditable steps.

Media coverage notes ongoing AI accuracy concerns in legal work, with Jung detailing Ivo’s multi-task pipeline as a remedy.

The piece includes a standard disclaimer about investment considerations and author opinions.

Reporting and editorial notes accompany the story, with attribution to the reporter and editor.

Ivo is positioned within a tech-press ecosystem that includes podcasts and sponsor content, highlighting visibility around AI-assisted professional services rather than deep technical disclosure.

There are no new regulatory issues or major legal obstacles cited for Ivo in the report.

Founder and CEO Min-Kyu Jung, a former corporate lawyer, says the product is designed for accuracy and auditable outputs, using a pipeline that runs over 400 model calls per contract review.

Jung emphasizes making contract interaction fast, accurate, and enjoyable, helping in-house teams extract insights and visibility from contracts previously hard to access.