Theo Ai is a legal AI startup focused on predictive litigation analytics. Its platform forecasts case outcomes and settlement values, ranks incoming legal claims by predicted exposure, and helps law firms, litigation funders and in-house legal teams quantify and manage litigation risk. Founded in 2024 by Alex Alben (UCLA Law professor and tech executive), Patrick Ip (ex-Google) and Tiago Luchini (4x CTO/founder), Theo Ai raised a $2.2M pre-seed in November 2024 followed by a $4.2M seed in May 2025 co-led by NextView Ventures and Collide Capital, with Ripple Ventures, NVP Capital and Beat Ventures and angels including former Kirkland & Ellis partner David Fox. In November 2025 the company announced an additional round led by Run Ventures alongside a General Counsel advisory board, expanding its predictive legal platform for Big Law settlement prediction.