DISCO

Overview
News
LegalTech?
Product stageSegments
Growth
?
E-discovery
?

DISCO provides a cloud-native, artificial intelligence-powered legal solution that simplifies ediscovery, legal document review, legal hold, and case management for enterprises, law firms, legal services providers, and governments. Founded in 2012 and headquartered in Austin, Texas, DISCO's platform leverages advanced AI and machine learning to automate complex and error-prone tasks in the legal discovery process.

DISCO's core ediscovery platform offers end-to-end capabilities including data collection, processing, review, and production. The company's AI-enabled technology aims to improve accuracy and speed in legal document review compared to traditional manual methods. DISCO's cloud-based architecture allows for scalability and enables legal teams to centralize data into a single solution, improving security and collaboration.

In February 2022, DISCO expanded its product portfolio by acquiring legal hold and workflow technology assets from Congruity 360. This acquisition added capabilities for legal hold management and compliance with preservation obligations. DISCO has continued to stack additional services on top of its ediscovery platform, including tools for trial preparation and other legal workflows.

Key customers and partnerships

DISCO serves a range of customers including corporations, law firms, legal service providers, and government agencies. The company reports that one out of every five of America's top 200 law firms uses DISCO's solutions. In June 2022, DISCO was selected as the preferred eDiscovery partner for LexFusion, a legal technology cooperative that curates solutions for law firms and legal departments.

DISCO has seen strong adoption of its cloud-based offerings, with off-premise software expected to grow from 68% of the market in 2023 to 73% by 2028. The company's software-as-a-service (SaaS) solutions are projected to account for 65% of its cloud revenue by 2028. This growth reflects the legal industry's increasing comfort with cloud security and desire for scalable, flexible eDiscovery tools.

In April 2024, DISCO appointed Eric Friedrichsen as its new CEO to lead the company's next phase of growth and expansion. The company continues to invest in enhancing its AI capabilities and expanding its end-to-end technology platform to handle the complexities of modern legal discovery and case management.

Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
3700 N. Capital of Texas Hwy Suite 150 Austin TX USA
Founded year:
2012
Employees:
501-1,000
IPO status:
Public
Total funding:
USD 233.6 mn
Last Funding:
USD 40.0 mn (Debt Financing; Dec 2020)
Last valuation:
USD 785.0 mn (Oct 2020)
Key competitors
 
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