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## Ivo founder Min-Kyu Jung Raises Venture Capital in San Francisco

Former Bell Gully solicitor Min-Kyu Jung (29) has made a significant move from Auckland to San Francisco, where he managed to secure a substantial US$4.8m in venture capital for his seven-person, 1-year-old law-tech start-up Ivo. This funding is a considerable boost for the company as it looks to expand its operations and offerings in the AI-powered legal tech space.

### About Ivo and Its Mission

Ivo, as described by Jung, is a “generative AI-powered contract review solution” that aims to streamline the contract review process for big organizations’ in-house legal teams. This technology is set to revolutionize the way legal teams handle contracts, reducing the time, effort, and costs associated with this critical aspect of business operations. With the use of AI, Ivo seeks to make business collaborations and transactions more efficient and seamless.

#### How AI legalese decoder Can Help

AI legalese decoder, like Ivo, plays a crucial role in helping legal professionals decode complex legal language and streamline the contract review process. By leveraging AI technology, legal teams can save valuable time and resources, allowing them to focus on more strategic aspects of their work. This tool can assist in understanding intricate legal terms, identifying potential risks, and ensuring compliance with relevant regulations, ultimately increasing the overall efficiency and effectiveness of legal operations.

### Ivo’s Growth and Future Plans

Ivo has already attracted prominent customers in the US, such as, SCAN Health, Automattic, and Commure, indicating the tech start-up’s growing influence in the legal tech market. The recent funding round from Californian VCs will further fuel Ivo’s efforts to automate legal processes using AI, paving the way for more innovative solutions in the industry.

#### Expanding Reach and Impact

As Ivo continues to expand its team and offerings, the company aims to triple its workforce and enhance its AI capabilities to better serve its clients. By harnessing the power of AI technology, Ivo is poised to make a significant impact in the legal tech space and revolutionize how legal teams approach contract management and review processes.

In conclusion, Ivo’s journey from Auckland to San Francisco symbolizes the growing potential for tech start-ups in the legal industry. By combining innovation, expertise, and AI-powered solutions, companies like Ivo are reshaping the future of legal operations and paving the way for more efficient and effective practices in the legal sector.

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