CS Disco, which provides a software solution for ediscovery, legal document review, and case management, filed on Friday with the SEC to raise up to $100 million.
DISCO provides a cloud-native, artificial intelligence-powered legal solution that simplifies ediscovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. As of March 2021, the company's solution held more than 10 billion files and 2.5 petabytes of data, and it used more than 14 billion serverless compute calls in 2021 to process and enrich data for its customers.
The Austin, TX-based company was founded in 2013 and booked $74 million in revenue for the 12 months ended March 31, 2021. It has not selected an exchange yet but plans to list under the symbol LAW. CS Disco filed confidentially on May 7, 2021. J.P. Morgan, BofA Securities, Citi, and Jefferies are the joint bookrunners on the deal. No pricing terms were disclosed.
