Robin AI Raises $26M in Series B Funding to Fuel Expansion in the US and Asia Pacific
Robin AI revolutionizes the legal field with its generative AI technology.
Company Name: Robin AI
Location: London, UK
Sector: AI-powered Legal Technology
Funding Details: Raised $26M in Series B funding, led by Temasek. Other investors include QuantumLight, Plural, and AFG Partners.
Purpose of Investment: To expand the team in the US, open a new office in Singapore to venture into the Asia Pacific market, and enhance the team of AI and machine learning experts.
Leadership: Founded by Richard Robinson and James Clough
Product: An AI-powered legal copilot that automates drafting and negotiating contracts, and enables efficient data extraction from contract repositories. The copilot is integrated as a Microsoft Word add-in.
About Company: Robin AI revolutionizes the legal field with its generative AI technology. It focuses on streamlining the contract review process, boasting an 85% reduction in time spent on contract reviews. This efficiency allows legal teams to focus on more strategic tasks.
Innovations:
- Integration with Anthropic’s Large Language Model (LLM), Claude.
- Hybrid model combining Claude LLM with proprietary contract data from over 2 million contracts.
- Utilizes in-house legal professionals to enhance model accuracy and quality.