CS Disco (LAW) investor relations material

Company overview and market positioning

• Focuses on AI-native legal tech, specifically high-stakes litigation and eDiscovery, leveraging proprietary data and AI-managed services.

• Built by litigators for litigators, addressing the shift from manual to tech-driven discovery as data sources have become electronic and more complex.

• Targets large law firms (Am Law 100, Magic Circle) and highly litigious corporations, refining its ideal customer and matter profiles for strategic growth.

• Achieved three consecutive quarters of re-accelerated growth, with 14% growth last quarter and a focus on expanding wallet share among top customers.

• On track to reach EBITDA positivity in Q4, emphasizing sustainable profitability alongside growth.

Product innovation and AI integration

• Cecilia AI is deeply embedded in the platform, providing context-aware, defensible, and auditable AI capabilities throughout the litigation lifecycle.

• Cecilia Advanced Research introduces agentic, autonomous investigation, enabling multi-step reasoning and context extraction within a secure environment.

• Integration of primary law (case law, statutes, regulations) with eDiscovery data creates a unified, semantic understanding of facts and law, enhancing case strategy.

• Customers value the ability to define terms from evidence, build timelines, and leverage AI for both facts and legal precedent, differentiating the platform from general AI tools.

• The platform's specialization in litigation, rather than transactional law, addresses the unique needs of high-stakes legal teams.

Competitive landscape and differentiation

• Does not compete directly with general legal AI vendors like Harvey, Lagora, or Anthropic, which focus on transactional law.

• Specializes in litigation, offering end-to-end solutions that keep sensitive data within a single secure environment, unlike point solutions requiring data transfer.

• Customers report higher satisfaction and lower risk with the integrated approach, especially for complex, high-value cases.