Robin AI, the London-based generative AI startup, has raised $10.5 million in the latest funding round led by Taavet Hinrikus’s Plural investment platform with participation from London-based VC Episode 1 which has also backed tech giants like Shazam, Viagogo, and Zoopla.
Last year, the Wise founder’s VC firm Plural also raised €250 million to back next-gen early-stage disruptive founders. Other investors in the round include British angel investor Monzo’s founder Tom Blomfield and senior executives across the legal and private equity industries from Bridgepoint, Apollo, Clifford Chance, and Barings.
The announcement comes a year after raising $3 million in funding in a seed round in 2021.
Robin AI will use the funds to drive further development of its tech team and has enabled the partial acquisition of competitor LawGeex, whose customers include UBS, PWC, Ebay, and Pepsi.
Richard Robinson, founder, and CEO of Robin AI said: “There’s doubt that AI is exploding as a category. New technologies that push the boundaries of what is possible always bring questions of both safety and commercial viability. We believe that AI is bringing about an infrastructure-level change to modern software and our rapid traction in the legal market is a testament to its potential.
Redefining how contracts are drafted
The interesting bit! Richard Robinson, a black lawyer, founded Robin AI in 2019 after quitting his 9-to-5 job along with James Clough. Before launching Robin AI, he practised law for six and a half years. Using artificial intelligence, Robin AI reinvents how contracts are drafted, negotiated, and used.
