Relativity

Relativity
Relativity
  • Headquarters

    Chicago, IL
  • Founded

    2001
  • CEO / Founder

    Phil Saunders
  • Employees

    1001-5000
  • Funding

    Private Equity — $125M
  • Products

    1 product listed
  • Avg. AI Score

    8.2/10

Profile updated

Products
1
Avg AI Score
8.2/10
Founded
2001
Funding
$720M
About Relativity

Relativity is a global legal data intelligence company founded in 2001 in Chicago by Andrew Sieja. Its flagship SaaS product RelativityOne provides e-discovery, investigations, and compliance review powered by AI for law firms, corporations, and government agencies.

Relativity serves more than 18,000 organizations, including 198 of the Am Law 200, government agencies, and Fortune 500 corporations.

Silver Lake invested approximately $125 million in Relativity in 2021 at a reported $3.6 billion valuation. Phil Saunders serves as CEO.

Specialties
E-DiscoveryLegal AIInvestigationsComplianceDocument Review
Financials

Dated, source-cited figures. Estimates are marked.

Valuationest.
$4B
hoodline.com
Revenueest.
$336.1M
Total Raisedest.
$720M
clay.com
Valuation over time
$3.6B(March 2021, est.)$4B(March 2026, est.)
Revenue over time
$201.1M(December 2023, est.)$235.9M(2024, est.)$336.1M(2026, est.)
Total Raised over time
$125M(February 2015)$720M(Jan 16, 2026, est.)
Products by Relativity

All products by Relativity reviewed by our AI panel of experts.

How Our Review Panel Scores Relativity

Six independent reviewer personalities assessed Relativity's product on their own terms. They landed within 0.6 points of each other, an unusually strong consensus.

The Decision Maker
8.4
The Domain Strategist
8.4
The Skeptic
8.2
The Power User
8.1
The Domain Practitioner
8.0
The Finance Lead
7.8

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who Relativity competes with, and how they differ.

Company Timeline

Key milestones in Relativity's history, with sources.

  1. Milestone

    Confidentially files for U.S. IPO

    Relativity confidentially submitted a draft S-1 registration to the SEC for a proposed IPO; Bloomberg reported the Silver Lake-backed company had tapped Goldman Sachs, JPMorgan and Barclays and was targeting a roughly $4 billion valuation.

    bloomberg.com
  2. Milestone

    Refinances $720M term loan ahead of planned IPO

    JPMorgan led a bank syndicate refinancing Relativity's $720 million first-lien term loan out of private credit and into the syndicated leveraged loan market, displacing lenders including Blackstone and Apollo and cutting borrowing costs by an estimated $12.3M a year.

    bloomberg.com
  3. Funding

    Silver Lake strategic growth investment values company at $3.6B

    Silver Lake made a strategic growth investment in Relativity, becoming its largest shareholder alongside existing investor ICONIQ and new investors Permira and New Mountain Capital, at a reported $3.6 billion valuation.

    lawnext.com
  4. Milestone

    kCura rebrands as Relativity

    kCura changed its corporate name to Relativity, adopting the name of its flagship eDiscovery platform to end confusion between the two brands; the platform was used by more than 13,000 organizations including the U.S. Department of Justice and 199 of the Am Law 200.

    legaltechnology.com
  5. Funding

    Takes first outside investment — $125M from ICONIQ Capital

    kCura raised $125 million from ICONIQ Capital as a long-term minority investor, its first-ever outside financing after 14 years of bootstrapped growth; the company remained independently controlled.

    chicagobusiness.com
  6. Founded

    Founded as kCura by Andrew Sieja

    Andrew Sieja founded kCura in Chicago in 2001 as a software consultancy that later built the Relativity eDiscovery platform.

    abovethelaw.com

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