Orbital Witness is a legal technology company based in London, UK, that leverages artificial intelligence (AI) and machine learning to transform the property due diligence process. Their platform automates the traditionally paperwork-heavy 'diligence' process involved in property transactions, replacing it with a system that can automatically identify data and documents from public sources, such as the Land Registry and Local Authorities. The platform then employs generative AI and natural language processing techniques to analyze lengthy documents like leases and deeds, providing lawyers and property professionals with an instant overview of potential issues, risks, or quirks that might affect the transaction.
Initially focused on commercial real estate, Orbital Witness has become indispensable for over 2,000 lawyers and property professionals at clients like Mischon de Reya, Clifford Chance, Slaughter & May, Tesla, and M&S, saving them over 74 million minutes across 76,000 transactions. In May 2023, the company raised EUR 8.6 million in Series A funding, led by Parker89, to expand into the residential conveyancing market, with an initial focus on leasehold property transactions.
Orbital Witness aims to empower conveyancers by boosting their capacity and enabling them to provide home buyers with greater transparency into potential issues at the start of the purchasing process. The platform saves an average of 50 minutes per leasehold property transaction, potentially saving a residential conveyancing lawyer handling 20 cases per month up to 25 working days annually.
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