DISCO raises $ 60 million in funding and plans further international expansion

DISCO, which makes software for the legal industry, announced this week that it has raised $ 60 million in additional funding.

The startup, who moved to Austin in 2018 from Houston, has raised $ 195 million so far.

Georgian partners led the final round of funding. Existing investors Bessemer Venture Partners, LiveOak Venture Partners, and Stephens Group attended by all, and the new investor Breyer Capital also invested.

DISCO manufactures products and services for the cloud-based market of investigations and litigation, which is projected to exceed $ 20 billion by 2024, according to a press release. DISCO has created a platform for lawyers to use artificial intelligence, cloud computing for compliance, disputes and investigations.

We are building the enterprise registration software system for the legal function. Every large company has a legal department and spends money on legal services, but there is very little software built to help legal professionals do their job, DISCO founder and CEO Kiwi Camara said in a press release. We want to change that. Legal is an important business function just like sales or marketing or finance. We believe that software can transform the legal function as it has transformed any other business function. DISCO is positioned to legally build the kind of horizontal platform that Salesforce built for sale. “

DISCO plans to use the funds to hire more employees for sales and marketing and to expand its presence internationally with a focus on Europe and Asia. It also plans to expand its strategic channel program.

And DISCO will continue to invest in its cloud technology platform, software products like DISCO Ediscovery and DISCO Case Builder, and legal services like its DISCO Managed Review-enabled offering.

The pandemic has accelerated the move to cloud computing for law departments and law firms, according to DISCO.

In an evolving space like legal technology, real-world solutions require both world-class technology and first-class professional services. DISCO delivers both, said Tyson Baber, Leading Investor in Georgian. DISCO’s investments in engineering and developing their proprietary platform, along with their incredible team, makes them well positioned to help legal teams embrace the future.

ISDISCO currently has more than 300 employees with offices in Austin and London.

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