Robin AI, Ltd.

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A Robin AI, Ltd. is a legal tech American start-up company.

References

2024

  • GPT-4 (Web)
    • The company's business model combines SaaS with services, integrating a 'lawyer-in-the-loop' with the latest machine learning technology. Robin AI has grown significantly, reviewing over 12,000 contracts per year, and has acquired a portion of its competitor, LawGeex​​. [1].
      1. . Robin AI, Ltd.:
        • Focus: Automating contract drafting and negotiation processes using AI
        • Founded: 2019
        • Headquarters: London, England, with significant operations in the US
        • Special Features: Integration of Anthropic's Claude Large Language Model for complex legal documents, unique "SaaS + services" business model with a 'lawyer-in-the-loop' approach
        • Website: ...

2024

2024

  • https://www.linkedin.com/jobs/view/3700410572/
    • QUOTE: Robin AI is on a mission to revolutionize the legal industry by simplifying contracts and making law accessible to everyone. We utilize cutting-edge machine learning and contract software, enhancing traditional legal services and bringing together experts in engineering, AI, and law.

2023

  • https://linkedin.com/company/robinai/about/
    • Robin AI is used by hundreds of businesses globally to harness the power of generative AI for legal. Our modular software empowers legal teams and lawyers to make the contract process effortless.

      We believe in a world where law moves at the speed of business.

      We are backed by Google, Episode 1, Plural and Forward Partners. If you’d like to join us on our exciting journey to make contracts fast and simple, please take a look at our careers page.

      Backed by Google, Episode 1, Forward Partners and the SoftBank Emerge Program, we are actively growing our team to help expand operations and accelerate product development. If you'd like to join us on this journey, please have a look through our open roles.

    • Company size: 115 on LinkedIn
    • Headquarters: London, England
    • Founded: 2019

2023

  • (2023-03-17) "Robin AI raises $10.5m led by Plural to scale its unique ‘lawyer-in-the-loop’ AI model".
    • NOTE: The article comprehensively overviews Robin AI's recent achievements, business model, and future prospects. Key insights include:
      1. . **Fundraising and Investors**: Robin AI raised $10.5 million in a funding round led by Plural, with participation from Episode 1 and notable angel investors. This funding round includes senior executives from legal and private equity industries, such as Bridgepoint, Apollo, Clifford Chance, and Barings.
      2. . **Technology and Business Model**: The company's machine learning model is trained on 4.5 million legal documents, enabling faster contract drafting and negotiation, reducing time by 60-80% and legal fees by up to 75%. Robin AI combines a 'lawyer-in-the-loop' approach with advanced machine learning technology and Anthropic model integration in a unique "SaaS + services" business model.
      3. . **Growth and Market Impact**: Since its last fundraiser, Robin AI has increased its revenue 20 times and is cash flow positive, reviewing over 12,000 contracts annually. The recent investments will further enhance its technological development and team.
      4. . **Acquisition of LawGeex**: The funding enabled Robin AI to partially acquire LawGeex, a competitor whose clients include major firms like UBS, PWC, Ebay, and Pepsi. This acquisition expands Robin AI's private equity and financial services client base.
      5. . **Leadership and Vision**: Richard Robinson, Robin AI's founder and CEO, emphasizes the potential of AI in transforming modern software infrastructure and the importance of safety and commercial viability in AI technologies. The company aims to balance advanced AI models with experienced human professionals for accuracy and trust.
      6. . **Customer Base and Services**: Robin AI serves many customers, from large corporations to SMEs. Its services cater to different needs, offering free self-serve software for SMEs and more advanced features for larger businesses.
      7. . **Founding and Team Composition**: Founded in 2019 by Richard Robinson and James Clough, Robin AI has a team of 75 employees, including legal professionals and software engineers. The team operates globally, with significant revenue coming from the US.
      8. . **Industry Recognition and Challenges**: Ian Hogarth, founding partner at Plural, highlights the suitability of large language models (LLMs) for legal work, praising Robin AI's ability to meet the high-quality requirements and data challenges in this field.
      9. . **Focus on Quality and Efficiency**: Investor Carina Namih notes Robin AI's focus on delivering high-quality results by integrating AI with legal expertise, increasing client reliance on their system for repetitive legal work.
      10. . **Early Funding and Recognition**: In 2021, Robin AI secured $3 million in seed funding and was also selected for funding from the Google Black Founders Fund.
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