Robin AI, a London-based company leveraging generative AI to streamline workflows in the legal sector, announced its $26 million Series B funding round. Led by investor Temasek, the round follows a period of growth for the company and will help fuel its global expansion.
Founded in 2019, Robin AI’s solution helps automate and expedite the process of drafting and negotiating contracts as well as extracting information from contract repositories. Organizations such as Pepsico, PwC and AlbaCore Capital Group use Robin AI’s solution, which is also now available as a Microsoft Word add-in.
The company says its solution can help legal professionals reduce contract review times by 85 percent, a factor that may largely contribute to Robin AI’s recent growth. Within the past year, Robin AI’s customer base has grown by 4x, and the company has recorded a 5x increase in revenue.
Equipped with its latest capital raise, Robin AI plans to further this growth by expanding in the United States. Alongside its U.S. expansion, the company plans to launch a Singapore office to build its presence in the Asia Pacific region. It will also continue expanding its team of AI and machine learning talent.
“We are building the AI platform for the legal sector — a service that deeply understands every aspect of the legal function, from drafting contracts, researching case law to explaining legal concepts — our AI will help people tackle every legal task,” Richard Robinson, CEO and co-founder of Robin AI, said in a statement. “This will help level the playing field between big and small law firms and help more people access legal services.”
