A City computing company has raised $10.5m (£8.8m) from backers including top execs from Magic Circle law firm Clifford Chance to develop an artificial intelligence (AI) driven, robot lawyer.
The founders of fintech firms Monzo and Wise have also thrown their weight behind London’s Robin AI, which is seeking to disrupt the legal sector with its AI technology.
Robin AI, which uses AI to generate legal documents, said it had bagged $10.5m funding in a round led by Plural, the venture capital firm founded by Wise co-founder Taavet Hinrikus.
Monzo founder Tom Blomfield has also backed the round as an angel investor, alongside senior chiefs from private equity firms Bridgepoint and Apollo, and law firm Clifford Chance, an existing client of the company.
Robin AI was founded by ex-Clifford Chance lawyer Richard Robinson and machine learning researcher James Clough in 2019. The software developer now employs 75 full time staff in developing its AI products.
Bosses at Robin AI said the cash would now be channelled into boosting the development of its tech team and allow it to snap up a stake in competitor LawGeex, whose customers include UBS, PWC, Ebay and Pepsi.
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Monzo and Wise founders back £8.8m Robin AI robot lawyer project
