Robin AI

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LegalTech?
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Contract management, GenAI-based LegalTech
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Robin AI is a legal technology company that leverages generative AI to automate and accelerate the process of drafting, negotiating, and reviewing contracts. Founded in 2019 by Richard Robinson, a former lawyer at Clifford Chance, and James Clough, a machine learning research scientist from Imperial College, Robin AI offers an AI-powered legal copilot that integrates seamlessly with Microsoft Word.

The company's core offering is an AI contract copilot that can reduce the time required to review contracts by up to 85%. It combines Anthropic's Large Language Model (LLM) Claude 2.1, which excels at processing lengthy prompts up to 150,000 words, with Robin AI's proprietary dataset of over 2 million contracts. An in-house team of legal professionals further refines the model to ensure the highest levels of quality and accuracy.

Robin AI operates a unique hybrid approach, blending cutting-edge AI with human expertise. Its free version allows users to experience the copilot's capabilities, while more advanced features cater to enterprise clients like Pepsico, PwC, Yum! Brands, AlbaCore Capital Group, and BlueEarth Capital. The company has witnessed significant growth, with a 4x increase in customers and a 5x surge in revenues over the past year, driven by strong demand from the private equity sector.

In January 2024, Robin AI secured USD 26 million in Series B funding led by Temasek, a global investment company based in Singapore. The investment will fuel the company's expansion into the US, where it already generates 75% of its revenue, and facilitate its entry into the Asia-Pacific region through the establishment of a new office in Singapore. Additionally, the funding will support the expansion of Robin AI's AI and machine learning teams.

Key customers and partnerships

Robin AI's customer base spans a diverse range of industries, from large multinational corporations to SMEs and scale-ups. Notable clients include Pepsico, PwC, Yum! Brands, AlbaCore Capital Group, and BlueEarth Capital. The company has witnessed particularly strong demand from the private equity sector, where speed and efficient tracking of obligations to investors are critical.

Earlier in 2023, Robin AI became one of Anthropic's launch partners, integrating the latter's advanced LLM, Claude, into its legal copilot. This collaboration underscores Robin AI's commitment to leveraging cutting-edge AI technologies while maintaining a focus on safety and reliability.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
10 Devonshire Square London GBR
Founded year:
2019
Employees:
101-250
IPO status:
Private
Total funding:
USD 68.4 mn
Last Funding:
USD 25.0 mn (Series B; Nov 2024)
Last valuation:
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