In the legal sector, demand for productive AI is growing rapidly. Robin AI, an AI-powered legal co-pilot, announced that it has raised $26 million in new funding. The Series B round is led by Temasek, a global investment firm headquartered in Singapore. Other investors include QuantumLight, Plural and AFG Partners.
So what do we know about Robin AI? It was founded in 2019 by Richard Robinson, a lawyer at Clifford Chance, and James Clough, a machine learning research scientist at Imperial College. It harnesses the power of generative AI to automate and speed up the contract drafting and negotiation process, as well as extract information from entire contract repositories through simple search. Launched as a Microsoft Word add-in, the legal co-pilot cuts the time it takes to review contracts by 85 percent, enabling businesses’ legal teams to move faster, save money and ultimately spend their time more strategically.
Anyone can try the free version of Co-Pilot at www.robinai.com
Robin AI has built a great team and product. In a short period of time, it has set an impressive record of acquiring large enterprise accounts. As an AI-focused VC firm, we immediately saw the potential. Using Robin AI’s system to drive tremendous efficiency in the legal services space. We are extremely grateful for the opportunity to come alongside Richard, James and the wider team at Robin AI on their exciting journey towards realizing the potential of AI and building one of our own.Ilya Kondrashov, CEO of QuantumLight
Robin AI uses a unique hybrid model that combines Claude LLM with its proprietary contract data (from over 2 million contracts) and machine learning techniques to read and understand contracts. A team of in-house legal experts or lawyers in the loop help further develop the model to ensure the highest level of quality and accuracy. Unlike many other legal AI products in beta or hidden behind waiting lists, anyone can try the free version of the co-pilot at www.robinai.com.
We’ve seen incredible customer interest in what we believe is the smartest AI contract co-pilot on the market. But this is just the beginning. We are building the AI platform for the legal industry, a service with a deep understanding of every aspect of the legal function, from drafting contracts to researching case law and explaining legal concepts. Our AI will help humans tackle every legal task. It will increase competition between large and small law firms and help more people access legal services. This investment will help us realize this vision.Richard Robinson, CEO and co-founder