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Overall Winner: Relativity·75/ 100

Spellbook vs Relativity

Side-by-side on valuation, funding, investors, founders & more

Comparison updated: April 2026

Relativity is valued at $3.6B — more than 3x Spellbook's $350M.

Head-to-Head Verdict

Relativity leads on 4 of 4 metrics

Spellbook

0 wins

-Valuation
-Awaira Score
-Team Size
-Experience

Relativity

4 wins

+Valuation
+Awaira Score
+Team Size
+Experience
Spellbook logo
Spellbook

🇨🇦 Canada · Scott Stevenson

Series BAI LegalEst. 2020

Valuation

$350M

Total Funding

$80M

Awaira Score62/100

75 employees

Full Spellbook Profile →
Winner
Relativity logo
Relativity

🇺🇸 United States · Andrew Sieja

PrivateAI LegalEst. 2001

Valuation

$3.6B

Total Funding

N/A

Awaira Score75/100

1750 employees

Full Relativity Profile →
Market Context

As AI Legal players, Spellbook and Relativity target overlapping customers despite operating from different countries. The stage gap — Spellbook at Series B vs Relativity at Private — shapes how each company allocates capital and talent.

🔬

Analyst Summary

Built from real data · Updated April 2026

AI Legal remains a contested market, with Spellbook and Relativity among its most prominent entrants. Spellbook is a Canadian AI legal technology company founded in 2020 that specializes in contract analysis and review automation. Relativity is a cloud-based legal technology platform founded in 2001 that provides software solutions for legal discovery, case management, and document review.

A 10.3x valuation gap separates these companies — Relativity at $3.6B and Spellbook at $350M. Spellbook has raised $80M in disclosed funding.

Relativity (est. 2001) predates Spellbook (est. 2020) by 19 years, a significant head start in building market presence. Spellbook is at Series B while Relativity stands at Private, indicating different levels of maturity and investor risk. On headcount, Spellbook reports 75 employees and Relativity reports 1750.

Spellbook operates out of 🇨🇦 Canada while Relativity is based in 🇺🇸 United States, giving each a distinct home-market advantage. Awaira rates Relativity at 75 and Spellbook at 62, a gap that reflects differences in capital efficiency and market traction. Spellbook, led by Scott Stevenson, and Relativity, led by Andrew Sieja, each bring distinct leadership visions to the AI sector.

Key Numbers

Valuation
$350M
$3.6B
Total Funding
$80M
N/A
Awaira Score
62/100
75/100
Employees
75
1750
Founded
2020
2001
Stage
Series B
Private
SpellbookRelativity

Funding Velocity

Spellbook

Total Rounds3
Avg. Round Size$16M
Funding Span2 yrs

Relativity

Total Rounds1
Avg. Round Size$50M

Funding History

Spellbook has completed 3 funding rounds, while Relativity has gone through 1. Spellbook's most recent round was a Series B, compared to Relativity's Series A ($50M). Spellbook is at Series B while Relativity is at Private — different points in their growth trajectory.

Team & Scale

Relativity has the bigger team at roughly 1750 people — 23x the size of Spellbook's 75. Relativity has a 19-year head start, founded in 2001 vs Spellbook's 2020. Geographically, they're in different markets — Spellbook operates out of Canada and Relativity from United States.

Metrics Comparison

MetricSpellbookRelativity
💰Valuation
$350M
$3.6BWINS
📈Total Funding
$80M
N/A
📅Founded
2020WINS
2001
🚀Stage
Series B
Private
👥Employees
75
1750
🌍Country
Canada
United States
🏷️Category
AI Legal
AI Legal
Awaira Score
62
75WINS

Key Differences

💰

Valuation gap: Relativity is valued 10.3x higher ($3.6B vs $350M)

📅

Market experience: Relativity has 19 years more (founded 2001 vs 2020)

🚀

Growth stage: Spellbook is at Series B vs Relativity at Private

👥

Team size: Spellbook has 75 employees vs Relativity's 1750

🌍

Market base: 🇨🇦 Spellbook (Canada) vs 🇺🇸 Relativity (United States)

⚔️

Direct competitors: Both operate in the AI Legal market segment

Awaira Score: Relativity scores 75/100 vs Spellbook's 62/100

Which Should You Choose?

Use these signals to make the right call

Spellbook logo

Choose Spellbook if…

  • Stronger investor backing — raised $80M
  • Canada-based for regional compliance or proximity
  • Spellbook is a Canadian AI legal technology company founded in 2020 that specializes in contract analysis and review automation
Relativity logo

Choose Relativity if…

Top Pick
  • Higher Awaira Score — 75/100 vs 62/100
  • More established by valuation ($3.6B)
  • More market experience — founded in 2001
  • United States-based for regional compliance or proximity
  • Relativity is a cloud-based legal technology platform founded in 2001 that provides software solutions for legal discovery, case management, and document review

Funding History

Spellbook raised $80M across 3 rounds. Relativity raised N/A across 1 round.

Spellbook

Series B

Jan 2023

Series A

Jan 2022

Lead: Insight Partners

$16M

Seed

Jan 2021

Relativity

Series A

Jan 2008

Lead: Thoma Bravo

$50M

Investor Comparison

No shared investors detected between these two companies.

Unique to Spellbook

Insight PartnersGeorgian Partners

Unique to Relativity

Thoma Bravo

Users Also Compare

FAQ — Spellbook vs Relativity

Is Spellbook bigger than Relativity?
By valuation, Relativity is the larger company at $3.6B versus $350M — a 10.3x difference. Size can also be measured by team: Spellbook employs 75 people while Relativity has 1750 employees.
Which company raised more funding — Spellbook or Relativity?
Spellbook has raised $80M in disclosed funding across 3 known rounds. Relativity's funding history is not publicly available.
Which company has a higher Awaira Score?
Relativity leads with an Awaira Score of 75/100, while Spellbook sits at 62/100. That 13-point gap reflects real differences in funding, scale, and traction — it's not a vanity metric.
Who founded Spellbook vs Relativity?
Spellbook was founded by Scott Stevenson in 2020. Relativity was founded by Andrew Sieja in 2001. Visit each company's profile on Awaira for a full founder biography.
What does Spellbook do vs Relativity?
Spellbook: Spellbook is a Canadian AI legal technology company founded in 2020 that specializes in contract analysis and review automation. The platform utilizes large language models to assist legal professionals in reviewing, drafting, and negotiating contracts by identifying potential risks, suggesting revisions, and providing legal insights. Spellbook's core technology analyzes contract language against customizable legal standards and case law, enabling lawyers to work more efficiently and reduce time spent on routine contract review tasks. The company positions itself within the broader legal tech market, competing alongside established document automation platforms and emerging AI-powered contract intelligence tools. Spellbook's approach focuses on practical, in-workflow integration rather than replacing legal judgment, allowing attorneys to maintain oversight while applying AI-assisted analysis. As of its Series B funding round, Spellbook has raised $80 million in total funding with a valuation of $300 million, indicating strong investor confidence in the AI legal tech sector. The company operates primarily in the North American market, with adoption among mid-market and enterprise legal departments. Its growth trajectory reflects increasing market demand for AI-powered legal automation tools, driven by cost pressures and efficiency improvements in legal services. Notable customers span multiple industries, though specific client names are not disclosed. Spellbook applies conversational AI to contract intelligence, enabling lawyers to augment their work within existing workflows rather than adopting entirely new platforms. Relativity: Relativity is a cloud-based legal technology platform founded in 2001 that provides software solutions for legal discovery, case management, and document review. The company's core product, Relativity One, is a SaaS platform that enables law firms, corporations, and government agencies to manage large-scale document collections during litigation and investigations. The platform uses artificial intelligence and machine learning to automate document review, predict document relevance, and identify patterns across unstructured data. Relativity's RelativityAssist AI suite incorporates generative AI capabilities for legal workflows, including document summarization and contract analysis. The company serves major law firms, Fortune 500 companies, and government organizations globally. With a valuation of $3.6 billion as a private company, Relativity has established significant market presence in the legal tech sector. The platform processes billions of documents annually and handles complex eDiscovery workflows. Relativity competes against platforms like Everlaw, LexisNexis, and Thomson Reuters' legal solutions. The company has expanded beyond traditional eDiscovery into contract lifecycle management and legal operations. Growth has been driven by increasing demand for AI-assisted legal work and digital transformation in law departments. Relativity's ecosystem includes integrations with third-party applications and a developer community supporting customization and extension of platform capabilities. Relativity dominates the legal tech AI space by processing billions of documents annually through its cloud-native platform, making it essential infrastructure for large-scale legal operations.
Which company was founded first?
Relativity got there first, launching in 2001 — that's 19 years of extra runway. Spellbook didn't arrive until 2020. In AI, that kind of head start means more training data, deeper customer relationships, and a bigger talent moat.
Which company has more employees?
Spellbook has about 75 employees; Relativity has about 1750. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.
Are Spellbook and Relativity competitors?
Yes — they're direct rivals. Both Spellbook and Relativity compete in AI Legal, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.

Bottom Line

Relativity edges ahead with an Awaira Score of 75, but Spellbook (62) isn't far behind. The gap is narrow enough that it could shift with the next funding round.

Who Should You Watch?

Relativity has a slight edge on paper, but Spellbook isn't far behind. The AI space moves fast — today's underdog can be tomorrow's category leader. Follow both profiles on Awaira to track funding rounds, team changes, and score updates.

Deep Dive