Disco

Disco

Cloud-based e-discovery software for legal professionals

About Disco

Simplify's Rating
Why Disco is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

AI & Machine Learning

Legal

Company Size

1,001-5,000

Company Stage

IPO

Total Funding

$188.5M

Headquarters

Austin, Texas

Founded

2013

Overview

DISCO specializes in legal software solutions, focusing on electronic discovery (e-discovery) for law firms, corporate legal departments, and government agencies. Its cloud-based platform helps users identify, collect, and produce electronically stored information for legal cases. The platform utilizes advanced artificial intelligence to improve the accuracy and speed of document reviews, making it easier for legal professionals to handle large amounts of data. DISCO stands out from competitors with its predictable flat-rate pricing model based on data processed, which helps clients manage their budgets without unexpected costs. The platform, powered by Amazon Web Services, ensures data security and 24/7 accessibility. DISCO aims to enhance collaboration and efficiency among legal teams by providing a user-friendly and scalable e-discovery solution, along with dedicated support from legal and e-discovery experts.

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Simplify's Take

What believers are saying

  • DISCO's AI tools like Cecilia enhance document review efficiency, benefiting legal professionals.
  • Eric Friedrichsen's appointment as CEO may drive strategic growth and expansion.
  • The focus on customer experience through a Chief Customer Officer aims to improve client satisfaction.

What critics are saying

  • A class action lawsuit could harm DISCO's reputation and client trust.
  • Leadership changes following Kiwi Camara's departure may affect company stability.
  • Competition from similar AI tools may challenge DISCO's market share.

What makes Disco unique

  • DISCO integrates AI to streamline legal processes, reducing time and cost for clients.
  • The company offers a flat-rate pricing model, ensuring predictable costs for data processing.
  • DISCO's platform is powered by AWS, providing robust data security and 24/7 accessibility.

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Funding

Total Funding

$188.5M

Below

Industry Average

Funded Over

7 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Competitive base salary

Start-up

Open PTO

Free catered lunches

Growth opportunities

Medical, dental, and vision, 401(k)

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

8%
Business Wire
Nov 5th, 2024
CS DISCO Announces Lauren Caruso as Chief Sales Officer

CS DISCO announces Lauren Caruso as Chief Sales Officer.

Bakersfield.com
Sep 10th, 2024
CS Disco Announces Joe Jacobson as SVP of Operations

CS disco announces Joe Jacobson as SVP of Operations.

Business Wire
Jul 10th, 2024
CS Disco appoints Richard Crum as EVP and Chief Product Officer

CS Disco appoints Richard Crum as EVP and Chief Product Officer.

Business Wire
May 9th, 2024
Disco Unveils Cecilia Doc Summaries, An Ai-Powered Tool That Simplifies Analysis Of Complex Legal Document Sets

AUSTIN, Texas--(BUSINESS WIRE)--DISCO (NYSE: LAW), a leader in AI-enabled legal technology, announced today the launch of Cecilia doc summaries, a Cecilia AI feature that is now available for free to all current DISCO Ediscovery users. Cecilia doc summaries is a generative AI tool that provides detailed and high-level takeaways of individual documents at a user’s request, and lets legal teams sift through hundreds of pages of documents to find the information and facts that are most relevant to the case. The nature of everyday legal work is evolving fast, as technology-enabled change continues to have a transformative impact on the industry. One challenge attorneys still face is having to parse through long documents and foreign language text, which can slow down review and lead to key pieces of information being missed. Cecilia doc summaries is a tool that lets teams expedite lengthy and tedious review processes, especially those with longer, more technical, or even foreign language documents, so they can more quickly orient themselves on the more important overarching themes within a specific legal document set. Users can easily, for example, distill the key points from a long report or contract; receive a comprehensive breakdown of a foreign language document in plain English; or obtain a summary of a new hot document found by Cecilia QA before sharing it with the case team — all with one click of a button

Artificial Lawyer
May 9th, 2024
Disco Launches Genai Cecilia Doc Summary Capability

DISCO has launched a doc summary capability via its Cecilia genAI system. It will provide detailed insights into documents – including in foreign languages – leveraging a key aspect of LLM technology that is fast becoming a standard approach for many lawyers (see more on this new reality below).It’s part of the wider Cecilia genAI facility that also includes a QA ability that allows users to ask natural language questions about the documents in their databases and receive detailed narrative responses along with specific source citations.The listed eDiscovery company said: ‘One challenge attorneys…face is having to parse through long documents and foreign language text, which can slow down review and lead to key pieces of information being missed.’They added that ‘users can easily…distil the key points from a long report or contract; receive a comprehensive breakdown of a foreign language document in plain English; or obtain a summary of a new hot document found by Cecilia QA before sharing it with the case team — all with one click of a button’.Kevin Smith, DISCO’s Chief Product Officer, added: ‘Over a short period of time, DISCO has made tremendous strides in delivering market-ready generative AI solutions, and we continue to be laser-focused on building products that provide tangible value to our customers.’The Bigger PictureOverall, this is another example of a legal tech business providing genAI capabilities that some lawyers may have already experienced through other avenues, but in this case they can now use as part of an integrated offering.It seems clear to this site that soon enough a very large proportion of all legal tech companies, across various segments, are going to be offering similar LLM-driven summaries, QA doc query functionality, and other now ‘standard’ genAI capabilities. For example, you could use Microsoft Copilot to do a doc summary, or use a bunch of other legal tech tools that offer this via an LLM and that you may have in your tech stack already. So, why use one particular product to do something many others can do? One reason may simply be the benefits of avoiding ‘context switching’, i.e. moving from one UI/UX experience to another, or jumping from one tool’s set of data compliance controls to another.In short, although LLM doc summaries will soon be ubiquitous across the legal (and wider) world, lawyers may still want to stay with DISCO on a matter, (or within another company’s platform) for such tasks. In short, whichever platform they use most may capture more of this type of LLM-driven activity simply because it’s easier to stay where you are, even if others offer something similar

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