Robin AI, the developer of an AI-based assistant that helps create and review legal documents in text editors, has raised $26 million in Series B.

Robin AI, an AI paralegal developer, raised $26 million in Series B

Financing was provided by Temasek Holding Ltd. of Singapore. with the participation of Quantum Light Management Ltd., Plural Ventures LLC and AFG Partners LLC, Siliconangle.com writes.

In total, including seed rounds, around $43 million was invested in the company, founded by a lawyer and machine learning specialist in 2019. In Series A, the developer raised around $10.5 million.

The application uses the Anthropic PBC Claude LLM model, which was trained on a database of over 2 million legal documents with their specific structure and vocabulary.

The Claude 2.1 language model from November 2022 has a keyword count of up to 150,000, making it more suitable for legal use cases.

Robin Copilot is available today as a free add-in for Microsoft Word and from the developer Robin AI claims the technology can reduce contract certification time by 80% and reduce legal costs by up to 75%.

Company that provides services to PepsiCo, PricewaterhouseCoopers International, Yum! Brands, etc., has grown its revenue five-fold over the past year and plans to expand in the Asia-Pacific region.

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Author:

Ekaterina Alipova

Source: RB

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