a year ago

Legal AI Startup Luminance Raises $40 Million

  • Luminance, a London-based developer of a proprietary legal large language model (LLM), raised $40 million in funding led by March Capital, with participation from National Grid Partners and other existing investors, including Slaughter and May

  • The company intends to use the funds to bring the technology to new markets and strengthen its presence in the United States

  • Luminance is an AI-powered legaltech startup that brings AI to every touchpoint a company has with its documents, from instantly flagging non-standard clauses in any incoming contract in Microsoft Word and suggesting the preferred language, to automatically identifying areas of non-standard compliance and key terms, obligations and dates in all executed documents or agreements.

      • ProblemFinancial Services

      " companies struggle to manage and analyze their documents accurately"

      Solution

      "Luminance brings AI to every touchpoint a company has with its documents, instantly flagging non-standard clauses, automatically identifying areas of non-standard compliance, and suggesting preferred language"

      Covered on