Robin AI, an AI-driven legal solution based in London, recently closed a substantial €24 million Series B funding round. Temasek led this round, joined by QuantumLight, Plural, and AFG Partners.
This fresh funding injection propels Robin AI deeper into the growing market of generative AI in the legal sector. The company plans to bolster its U.S. presence, expand into the Asia Pacific region, and augment its team of AI and machine learning experts.
Founded in 2019 by Richard Robinson, a lawyer at Clifford Chance, and James Clough, a machine learning researcher at Imperial College, Robin AI leverages generative AI to automate contract drafting and negotiation. Their AI-powered copilot, available as a Microsoft Word add-in, streamlines contract reviews by up to 85%, boosting legal teams’ efficiency and cost savings.
CEO Richard Robinson remarked, “We’ve seen remarkable traction with our AI copilot. We’re building an AI platform tailored for the legal sector, aiming to revolutionize how legal tasks are handled, bridging the gap between law firms and making legal services more accessible. This investment drives us closer to that vision.”
Robin AI emphasizes precision and quality, collaborating with Anthropic earlier this year for Claude 2.1, allowing longer prompts for analyzing complex legal documents.
Industry voices like Carina Namih of Plural and Ilya Kondrashov of QuantumLight express confidence in Robin AI’s transformative impact in the legal services sector.
Robin AI operates uniquely, blending Claude LLM with its contract data and machine learning techniques. The company offers a free copilot version, witnessing a substantial surge in adoption—quadrupling customers and quintupling revenue in the past year.
Noteworthy clients include Pepsico, PwC, Yum! Brands, AlbaCore Capital Group, and BlueEarth Capital, with high demand from the private equity sector.
Ivan Ong of AFG Partners commended Robin AI’s leadership in addressing legal industry challenges and anticipates scaling the company globally.
