Ivo has raised a USD 55 million Series B led by Blackbird, the company said on 20 January 2026. Participants named in the GlobeNewswire release include Costanoa, Uncork, Fika, GD1 and Icehouse Ventures, with the New Zealand-founded, San Francisco-based firm pitching AI that turns contracts into a trusted source of business intelligence.
Ivo said ARR had grown 500% since the prior round and that Fortune 500 adoption had expanded. Named customers in the materials include Uber, Shopify, Atlassian, Reddit and Canva — logos the company put on the record for this raise. Founders Min-Kyu Jung and Jacob Duligall remain at the helm.
Growth percentages and customer lists in fundraising releases are company-stated. Enterprise legal and procurement buyers will still want evidence on clause accuracy, playbook adherence and how Ivo handles negotiated exceptions.
Proceeds support product and go-to-market as contract AI moves from review copilots toward systems of record for obligations across the business.
Figures and customer claims in this piece are those stated by the company or acquirer in the cited materials.
AI-360 has not independently audited operating metrics named in the announcement.