Austin-based DISCO Raises $83 Million



Kiwi Camara, DISCO founder and chief executive officer

DISCO, which makes software for the legal industry, announced Thursday that it has raised $83 million in additional funding.

The startup, which moved to Austin in August of last year from Houston, has raised $135 million to date.

Georgian Partners, based in Toronto, led the latest round with participation from Bessemer Venture Partners,LiveOak Venture Partners,The Stephens Group, and venture-debt providerComerica.

DISCO plans to use the funds to accelerate product development for the $12.5 billion electronic discovery legal market. DISCO has created a platform for lawyers to use artificial intelligence, cloud computing for compliance, disputes, and investigations.

“DISCO’s mission is to create technology to modernize the practice of law,” DISCO Founder and CEO Kiwi Camara, said in a news release. “Great legal technology helps great lawyers and legal teams deliver better legal outcomes for their clients. We do this in ediscovery today; over time, we will do this in all areas of legal practice.

“Artificial intelligence is poised to transform the legal industry. As a trusted partner to hundreds of enterprise clients, DISCO is ahead of the curve in securely applying artificial intelligence,” Tyson Baber, Partner at Georgian Partners, said in a news release. “We are excited to help DISCO accelerate as they drive the speed of innovation in this industry and find better ways to serve legal professionals around the world.”

DISCO also plans to use the funds to continue international expansion. DISCO opened an office in London last October and plans to open offices in Canada, Europe, Asia, Australia, and Latin America over the next several years.

DISCO’s headquarters are located at 3700 North Capital of Texas Highway. The company currently has more than 200 employees.