Total amount raised
$125 Millions
Latest funding date
3/1/2021
Location
Relativity has successfully raised significant funding through multiple rounds, attracting notable investors such as ICONIQ Growth and Silver Lake. The company offers a robust platform designed to manage legal data challenges, leveraging advanced AI and proactive security measures.
Keep reading to delve into the details of Relativity's funding journey and the key investors supporting this innovative platform.
What Is Relativity?
Relativity, founded in 2001 by Andrew Sieja, is headquartered in Chicago, Illinois. The company specializes in eDiscovery and legal search software solutions, helping organizations manage large volumes of data and identify key issues during litigation and investigations.
Relativity's flagship product, RelativityOne, is a SaaS platform that leverages AI to streamline data management and compliance. The company also offers tools like Relativity Trace for proactive communication surveillance.
With a workforce of 1001-5000 employees, Relativity serves a global clientele, including major law firms, financial institutions, and government agencies.
How Much Funding Has Relativity Raised?
- Amount Raised: $125M
- Date: February 2015
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and development.
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Lead Investors: Silver Lake
- Valuation at Round: $3.6 billion
- Motivation Behind the Round: To develop and grow products, expand cloud product RelativityOne, invest in AI-based platform Relativity Trace, and expand into new geographies.
Total Amount Raised: $125M
Current Valuation: $3.6 billion
Key Investors
- ICONIQ Growth
- Details: ICONIQ Growth is a tech-focused investment firm that provides capital to high-growth companies. They have a strong presence in the technology sector and are known for their strategic investments.
- Investment Focus Areas: Technology, SaaS, Fintech
- Notable Investments: Snowflake, Datadog, Uber
- Silver Lake
- Details: Silver Lake is a global leader in technology investing, managing over $75 billion in combined assets. They focus on large-scale investments in technology and tech-enabled industries.
- Investment Focus Areas: Technology, Media, Telecommunications
- Notable Investments: Dell Technologies, Airbnb, Twitter
What's Next for Relativity?
Relativity stands at the cusp of significant growth, driven by the development of its flagship products, RelativityOne and Relativity Trace. With over 300,000 annual users managing more than 145 billion files, the company is poised to expand its market share in the e-discovery space. The strategic partnership with Silver Lake will likely fuel further innovation and geographical expansion.
Future fundraising opportunities seem promising, given the substantial backing from Silver Lake and ICONIQ Growth. However, Relativity may face challenges such as competition from other legal tech firms and the need to scale its technology infrastructure. Navigating regulatory requirements in new markets will also be crucial for sustained growth.
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