Business News Report
January 03, 2024

Robin AI Raises $26 Million from Singapore’s Temasek for Asia Pacific Expansion

In Brief

Robin AI raised $26 million in a new Series B funding round led by Temasek, and plans to expand its presence in the Asia-Pacific regions.

Robin AI Raises $26 Million from Singapore’s Temasek for Asia Pacific Expansion

UK-based AI-driven legal copilot, Robin AI today announced that it raised $26 million in a new Series B funding round led by Temasek, a global investment company headquartered in Singapore. Other investors include QuantumLight, Plural and AFG Partners.

According to the company, the new funding will allow it to capitalize on the current strong momentum of the legal market. This includes expanding its team in US where three-quarters of its revenue originates, and establishing an office in Singapore for an entry into the Asia-Pacific region.

The investment will also be utilized in expanding its existing team of AI and machine learning experts.

“We’ve seen incredible customer traction with what we believe is the smartest AI contract copilot on the market. But this is just the beginning. We are building the AI platform for the legal sector – a service that deeply understands every aspect of the legal function, from drafting contracts, and researching case law to explaining legal concepts – our AI will help people tackle every legal task,” said Richard Robinson, CEO and co-founder of Robin AI.

“This will help level the playing field between big and small law firms and help more people access legal services. This investment will help us to realise this vision,” Robinson added.

The company’s contract copilot was recently launched as a Microsoft Word add-in making it even easier for lawyers to incorporate into their day-to-day work. The copilot can be trained with a customer’s negotiating playbook and will quickly review a contract, identify clauses, and propose edits, which can easily be accepted or rejected – all while ensuring lawyers retain full control.

The Robin copilot also allows customers to use natural language search to find information, such as obligations, across all of the contracts they have signed.

“As a global fund backed by investors from financial services, we believe that there should be a better way to manage the growing number of legal contracts between stakeholders. Robin AI is highly applicable across our network of investors and ecosystem partners and we look forward to scaling the company deeper into Asia and globally,” said Ivan Ong, Partner at AFG Partners. “We are pleased to join Temasek and other seasoned investors as we support Robin AI on its growth journey.”

Earlier this year, Robin AI joined Anthropic as a key launch partner for Claude, Anthropic’s Large Language Model (LLM). Claude 2.1, exclusive to Robin AI, excels in legal work by allowing longer prompts, crucial for analyzing complex legal documents with up to 150,000 words.

Robin AI’s hybrid model combines Claude with its proprietary contract data from over 2 million contracts, employing machine learning techniques for comprehensive contract analysis.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Kumar is an experienced Tech Journalist with a specialization in the dynamic intersections of AI/ML, marketing technology, and emerging fields such as crypto, blockchain, and NFTs. With over 3 years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and delivering comprehensive insights. Kumar's expertise lies in producing high-impact content, including articles, reports, and research publications for prominent industry platforms. With a unique skill set that combines technical knowledge and storytelling, Kumar excels at communicating complex technological concepts to diverse audiences in a clear and engaging manner.

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Kumar Gandharv
Kumar Gandharv

Kumar is an experienced Tech Journalist with a specialization in the dynamic intersections of AI/ML, marketing technology, and emerging fields such as crypto, blockchain, and NFTs. With over 3 years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and delivering comprehensive insights. Kumar's expertise lies in producing high-impact content, including articles, reports, and research publications for prominent industry platforms. With a unique skill set that combines technical knowledge and storytelling, Kumar excels at communicating complex technological concepts to diverse audiences in a clear and engaging manner.

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