- Disco is a cloud-based ediscovery platform that uses AI to help lawyers more efficiently sift through hundreds of documents in the litigation process.
- In its latest round of funding in October, the startup raised a massive $60 million from investors like Georgian Partners and Bessemer Venture Partners, bringing total investment to date to $195 million.
- In an exclusive interview, Kiwi Camara, Disco’s CEO and cofounder, walked Business Insider through the pitch deck it’s used to make its business case to both investors and clients, which include Fortune 1000 companies and Am Law 200 firms.
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Cloud-based technology is having its moment, especially in the legal industry.
As attorneys have been propelled to work remotely amid the pandemic, data security and streamlined work processes are top-of-mind for law firms, leading them to adopt cloud technology. A recent Clio report found that nearly 80% of respondents use cloud storage — and 96% plan on doing so moving forward.
Investors are taking note. Disco, a cloud-based ediscovery platform that uses artificial intelligence to streamline the litigation process, snapped up $60 million in equity financing this October.
Its Series F, led by Georgian Partners and also backed by VC titans like Bessemer Venture Partners and LiveOak Venture Partners, brings total investment to $195 million, valuing the company at $785 million.
Launched in Houston in 2012, Disco offers AI-fueled products geared towards helping lawyers review and analyze vast quantities of documents, allowing them to more efficiently determine which ones are relevant to a case.
“We’re leveraging this basic idea that we want lawyers to spend their time working on the things that only they can do. And we want technology to automate away the boring, mundane, and repetitive tasks,” explained Kiwi Camara, Disco’s CEO and cofounder.
Read more: Meet 10 investors who are pouring money into legal-tech startups, from Silicon Valley VCs to Big Law firms
Camara walked Business Insider through the pitch deck the company used to attract its blockbuster funding from investors, as well as sign on clients, ranging from Fortune 1000 companies’ legal departments to attorneys at 75 of the Am Law 200 firms.
Here’s an exclusive look at Disco’s deck.