Legal AI technology business Luminance raised a fresh $10 million from existing investors Invoke Capital, Talis Capital and Slaughter and May to wrap up a $100m Series B round in February 2019.
The UK company’s machine learning technology is now deployed in over 130 organisations on six continents following its September 2016 launch.
Whether used for legal due diligence, compliance reviews or eDiscovery, Luminance’s technology operates on advanced pattern recognition and machine learning algorithms that behave much like the human brain, sorting through high-volume documentation and flagging anomalies at speed, offering lawyers greater control and insight into their documents.
In just two years, the company’s technology has been deployed in over 40 countries and is used by thousands of lawyers on a daily basis. In addition to Luminance’s Cambridge UK headquarters, it has offices in Chicago, London, New York and Singapore.