Tom Blomfield

Episode 1 Ventures

Emerge Accelerator

Forward Partners

Al Giles

SoftBank

Oliver Burgel

Paul Massara

PayPal Ventures

University of Cambridge

Willett Advisors

Google for Startups Accelerator

Plural

Temasek

AI & Machine Learning

Legal

Robin AI

Legal tech startup Robin AI has raised $25 million in a "Series B Plus" funding round, highlighting the AI boom beyond just foundational models. The newsletter discusses the potential slowdown in foundation model progress and its impact on the AI industry. It suggests that companies focusing on specific industry solutions, like Robin AI, may not be as affected by this deceleration as those aiming for artificial general intelligence.

Robin AI raises $25M in Series B+

Contract review experts Robin AI have announced a deep partnership with Amazon Web Services (AWS) that will see it engage with the platform’s Bedrock and SageMaker training and experimentation capabilities, as well as joining the AWS Marketplace, where customers can test and deploy their genAI offering.In January the company completed a $26m Series B funding and now has over 150 staff. It has also just opened an office in Singapore to serve the Asia-Pacific market. The AWS deal marks another step in the business’s expansion drive.In terms of working with AWS, Robin AI, which has a strong relationship with Anthropic and has pioneered the use of their Claude LLMs for contract analysis, will now use Amazon Bedrock ‘to build and scale generative AI applications using [the] Claude models while keeping customer data completely private, a critical step to help legal teams overcome their hesitancy to adopt AI’.But, what is Bedrock? Here is what Amazon says: ‘Using Bedrock, you can easily experiment with and evaluate top Foundational Models (FMs) for your use case, privately customize them with your data using techniques such as fine-tuning and Retrieval Augmented Generation (RAG), and build agents that execute tasks using your enterprise systems and data sources. Since Amazon Bedrock is serverless, you don’t have to manage any infrastructure, and you can securely integrate and deploy generative AI capabilities into your applications using the AWS services you are already familiar with.‘The single-API access of Amazon Bedrock, regardless of the models you choose, gives you the flexibility to use different FMs and upgrade to the latest model versions with minimal code changes.’In short, on top of experimenting with legal use cases more easily you can really focus on boosting and measuring accuracy – and right now, getting better at accuracy is vital to being a successful legal genAI provider.Meanwhile, the UK-based company, which is also expanding into the US, is using Amazon SageMaker to ‘accelerate the building, training, and deployment of its machine learning models’.In terms of SageMaker the tech giant says: ‘…you can build, train and deploy ML models at scale … all in one integrated development environment (IDE). In addition, you can build your own FMs, large models that were trained on massive datasets, with purpose-built tools to fine-tune, experiment, retrain, and deploy FMs. SageMaker offers access to hundreds of pretrained models, including publicly available FMs, that you can deploy with just a few clicks.’And, using AWS’s ability to store data in specific regions, Robin AI stated that it ‘can quickly create custom versions of its products for different countries, including the US, UK and across the EU [while it] guarantees that confidential customer information never leaves AWS’s secure cloud environment and is stored in compliance with local data protection regulations’.All well and good, but what does this mean practically for Robin AI and its clients?James Clough, co-founder and Chief Technology Officer of Robin AI, explained: ‘Thanks to AWS, we don’t have to compromise between powerful and safe AI – our customers can have both

Robin Ai Partners With Aws For Bedrock, Sagemaker + Marketplace

New generative AI tool turns contracts into goldmines of structured dataNEW YORK, Jan. 16, 2025 /PRNewswire/ -- Legal data has long been the missing piece in many companies' data strategies — now an innovative AI tool structures contract data with unprecedented ease, allowing legal teams to share data across the business.Why it matters: Robin AI's legal assistant now allows companies to generate standardized pieces of legal information from contract texts. Through the deeper analysis companies can now perform on their contracts, they have new ways to grow revenue, manage risks, and identify competitive advantages.Robin's "Answer Types" feature — part of its groundbreaking Robin Reports product — allows legal teams to create structured data at scale, by importing data into popular software such as Microsoft Excel, and other Customer Relationship Management and Contract Lifecycle Management tools.How it works: Legal teams can set their preferred Answer Type for each question they ask of their contracts using Robin Reports, such as "text", "number" or "date."Within each answer type, further details can be specified. For example:Number answers can be requested in "percentage", "currency" or "general" number formats.Text answers can be requested as narrative "summary" or as "shortest answer."Users do not need to be prompt engineers — Answers Types guides users toward successful questions, allowing them to create a fully customizable report on their contracts.Answers can be as short as one number or word, in the case of yes/no questions. Text answers can be a single short sentence, instead of the 2-3 sentence answers offered in earlier versions of Robin Reports.Robin's model is conditioned not to be over-confident: The model will refuse to answer questions where it cannot determine an answer in the requested format, replying with "N/A."What they're saying: "This is the start of a monumental transformation in how legal teams operate," said Robin AI CEO and co-founder Richard Robinson, a former Clifford Chance lawyer."We are entering an era where businesses can use AI to easily create data assets out of their contracts and legal documents," Robinson said."Whether you've got 10 contracts or 10,000, you can extract what you need, and get precise and standardized answers to your questions with Robin Reports," Robinson said."Legal departments can now easily share valuable data with other teams. Lawyers will be able to spend more time helping their businesses to grow," he added.Context: Robin Reports provides the first versatile application for lawyers and non-lawyers to extract and synthesise information from across hundreds or thousands of legal documents at once, saving them up to 98% of their time in reviewing these documents.Now, with Answer Types, legal teams can get more concise answers, and perform deeper analysis because the data is structured.Previous efforts to use CRM and CLM software to generate structured data have ended either in failure, or were expensive because legal teams still needed to manually map contract data into spreadsheet fields.Logo - https://mma.prnewswire.com/media/2261385/Robin_AI_Logo.jpg

Robin Ai Delivers Breakthrough In Legal Data Assets Quest

For CFOs, the business itself is their biggest customer and most important client. And given the increasingly dynamic operating landscape today’s middle-market businesses are tasked with navigating, ensuring that their own firm is leading the charge relative to peers and competitors is top of mind for forward-thinking finance teams and treasury functions. Fortunately, and as top finance leaders have repeatedly told PYMNTS for the series “A Day In The Life of a CFO,” the chief financial officer role has never been more strategic than it is today. Those finance teams that embrace a focus on competitive positioning, cost management, growth, and digital transformation are increasingly finding themselves at the forefront of efforts to steer their companies toward success in an uncertain world

4 Ways Cfos Are Steering Around Challenges And Ahead Of Competitors

Robin AI, a London-based legal tech company, secured a $26M Series B funding round led by Temasek. The funds will support its global expansion, including a U.S. push and a new office in Singapore. Robin AI's solution, which automates contract processes, is used by companies like Pepsico and PwC. The company has seen a 4x increase in its customer base and a 5x revenue growth in the past year. CEO Richard Robinson aims to make legal services more accessible with their AI platform.

Robin AI Secures $26M for Expansion

Robin AI Reports will help businesses close deals faster by radically disrupting the pace of due diligence and negotiationsLONDON, June 13, 2024 /PRNewswire/ -- Robin AI , the AI-powered legal assistant, today announced a revolutionary new product line, Robin AI Reports , which automates a key piece of due diligence and negotiations, providing a boost to the sluggish pace of M&A.The new offering can generate reports on contracts in minutes — solving expensive pain points for legal teams, by dramatically cutting the time and cost of manual work in due diligence around M&A, IPOs, and other asset management including real estate and debt financing.A free version of Robin AI Reports is available as part of the company's commitment to democratizing access to legal services.The product was launched live on-stage at London's LegalTechTalk Conference.Why it matters: Robin AI is the first to market automating a key piece of due diligence and negotiations.The Reports product can deliver a single report analyzing many legal texts, going much further than a simple summary.It will help legal teams close deals faster, changing how M&A and IPOs will be conducted — providing a boost to an otherwise sluggish deals environment.Robin AI's biggest product launch yet will also save investors' money — the multi-million prices charged by large law firms are now optional.Reports equips C-Suite executives and board members with the information required to get alignment on key issues, removing blockers and delays from processes.How it works: Reports can be run across hundreds of contracts at once, avoiding delays caused by lawyers needing to review and summarize contracts one-by-one.Through the Robin AI platform, lawyers can click to generate a report which is emailed to them on completion.Users build a list of 'red-flag' issues, and deviations from preferred positions, which they want summarized for each contract.Robin AI Reports then provides an accurate summary of the issues for each contract, with clear citations, so that the summary can be easily verified by a human.The easy-to-read reports can be generated for a wide range of purposes including M&A due diligence, NDA compliance, supplier agreements and audits.Users can access 3 reports per month for free.Case in point: Robin AI Reports was developed with partners including the University of Cambridge, who have been using the product since April.A task that used to take 3 hours to complete by Cambridge's senior in-house lawyers now takes 30 minutes on average — a roughly 85% time saving.Context: Robin AI partners with AWS and Anthropic.Amazon Bedrock allows Robin AI to leverage Anthropic's powerful Claude 3 generative AI model alongside Robin's own models, while ensuring customer data remains secure and compliant with local data regulations.A copy of Claude 3 exists inside Robin AI's cloud environment, meaning user data never leaves Robin's cloud.What they're saying:"With Robin AI Reports, M&A, IPO, and other asset transactions no longer have to grind to a halt for weeks for due diligence, " said James Clough , CTO and co-founder of Robin AI, at the LegalTech Talk conference in London ., CTO and co-founder of Robin AI, at the LegalTech Talk conference in. "We're helping businesses close deals faster and are proud to be the first in our industry to do this," Clough said."We have found the reports to be incredibly helpful, saving our team many hours and enabling us to conduct legal reviews in a more accurate way," said Sam Sturge , Director, Private Assets at University of Cambridge Investment Management, Director, Private Assets at Investment Management "They are also easy to generate and review, meaning you do not have to be a lawyer or AI expert to harness the benefits from the platform," Sturge said.About Robin AI: Founded in 2019 by Richard Robinson, a lawyer at Clifford Chance, and James Clough, a machine learning research scientist at Imperial College.Contact: [email protected]SOURCE Robin AI

Robin Ai Shakes Up Ma Contracts

The world of legal genAI has had an unmet need – how do you handle MA due diligence, which can involve tons of lengthy documents? Now, Robin AI has met the challenge and launched Robin AI Reports to help with this.This matters a lot, as it was MA due diligence where several of the first legal AI companies in the previous decade got started, as due diligence is laborious and slow, and AI looked perfect as a tool to help. However, while many lawyers are today using genAI, leveraging the tech for major transactional review work has not been so well developed. So, this could change things. Through the Robin AI platform, lawyers can click to generate a report which is emailed to them on completion. Users can then build a list of ‘red-flag’ issues, and deviations from preferred positions, which they want summarized for each contract.Robin AI Reports then provides ‘an accurate summary of the issues for each contract, with clear citations, so that the summary can be easily verified by a human. The easy-to-read reports can be generated for a wide range of purposes including MA due diligence, NDA compliance, supplier agreements and audits’, they explained

Robin Ai Launches Genai Due Diligence Reports In Major Move

In a surprise move, Robin AI, which works with the likes of GE, Pfizer and PwC on genAI contract review, is doubling down on servicing the world of small-to-medium size law firms via a tech deal with Dye  Durham, the publicly-listed legal practice management group.GenAI-focused Robin AI, which also maintains a team of human reviewers, has for some time kept a number of smaller law firm customers on its books. In fact, in October, James Clough, CTO, told this site: ‘Smaller law firms…have to scrap for their work. So, using tech is a differentiator, while they also tend to do more fixed rates work [which efficiency tools support].’The company said that Robin AI’s due diligence and contract drafting and editing capabilities will now be offered to around 60,000 lawyers supported by Dye  Durham globally – in effect a huge expansion of its efforts to sell to Small Law.The offering from Robin AI will allow smaller law firms to:. ‘Review lengthy, in-depth contracts in seconds — compared to the hours it takes to manually review  contracts — suggesting changes to language, and identifying alternate texts from a vast, proprietary database.And, have access to an extensive library of customisable lawyer-developed, in-demand contracts (like NDAs, Retainer Agreements, Employer Agreements and more)’. Robin AI’s CEO, Richard Robinson, commented: ‘Legal AI makes every lawyer more efficient. We’re busting our guts to level the playing field between small law and Big Law

Inhouse-Focused Robin Ai Goes After 60,000 ‘Small Law’ Lawyers

Robin AI, a London, UK-based provider of legal AI for business, raised $25M in funding

Robin AI Raises $25M in Funding

Robin AI has raised an additional $25M in a Series B extension, with support from Cambridge University and PayPal Ventures. The legal AI leader, serving 13 Fortune 500 companies, now earns $10M in annual recurring revenue. Notable investors include Michael Bloomberg’s family office and AFG Partners. Founded in 2019, Robin AI combines human expertise with AI, offering solutions like Robin Reports for legal document summarization. The company has expanded its US operations sixfold this year.

Robin AI Secures $25M in Funding

AI legal assistant Robin AI today (13 June) announced a new product line, Robin AI Reports, which automates a key piece of the M&A due diligence process.The new offering can generate reports on contracts “in minutes”, cutting the time and cost of manual work in due diligence around M&A, IPOs, and other asset management including real estate and debt financing.The product was launched on-stage at London’s LegalTechTalk Conference.The Reports product can deliver a single report analyzing many legal texts, going much further than a simple summary. Robin AI says that it will help legal teams close deals faster, helping investors to save time and money.AdvertisementReports can be run across hundreds of contracts at once, with users able to build a list of ‘red flag’ issues where contracts deviate from their preferred positions.Robin AI Reports was developed with partners including the University of Cambridge’s Investment Management, who have been using the product since April. We’re told that a task that used to take 3 hours to complete by Cambridge Investment Management’s senior in-house lawyers now takes 30 minutes on average — a roughly 85% time saving.Robin AI partners with AWS and Anthropic. Amazon Bedrock allows Robin AI to leverage Anthropic’s Claude 3 generative AI model alongside Robin’s own models. A copy of Claude 3 exists inside Robin AI’s cloud environment, meaning user data never leaves Robin’s cloud.“With Robin AI Reports, M&A, IPO, and other asset transactions no longer have to grind to a halt for weeks for due diligence, ” said James Clough, CTO and co-founder of Robin AI, at the LegalTech Talk conference in London.“We’re helping businesses close deals faster and are proud to be the first in our industry to do this.”“We have found the reports to be incredibly helpful, saving our team many hours and enabling us to conduct legal reviews in a more accurate way,” said Sam Sturge, director of private assets at University of Cambridge Investment ManagementFounded in 2019 by Richard Robinson, a lawyer at Clifford Chance, and James Clough, a machine learning research scientist at Imperial College, Robin AI now has 140 full-time employees and over 100 customers.It raised $26M in Series B funding in January and recently appointed Scott Casey as CFO

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