Temasek leads Series B funding for legaltech Robin AI

Robin AI, a cutting-edge AI-empowered legal assistant, recently announced a significant €24M funding boost in a Series B round.

• Investor Line-Up: The round was led by Temasek, a global investment firm based in Singapore, and witnessed participation from QuantumLight, Plural, and AFG Partners.

• Allocation of Funds: The new funding will help Robin AI sustain its momentum in the rapidly evolving legal tech market. The company plans to expand its presence in the US, from where it currently derives three-fourths of its revenue. It also aims to establish an office in Singapore to extend its footprint into the Asia Pacific region.

• Founding Story: Robin AI, co-founded in 2019 by Richard Robinson and James Clough, utilizes generative AI to streamline contract drafting and negotiation processes.

• Features and Capabilities: The intelligent tool, available as a Microsoft Word add-on, can reduce contract review time by 85%, enabling legal teams to save time and resources.

• Partnerships on Deck: Earlier this year, Robin AI partnered with Anthropic for the launch of their LLM, Claude. This partnership has positioned Robin AI as the only company applying this technology specifically to legal work.

Robinson, CEO and Co-founder, stated, "We're constructing the AI platform for the legal industry. With this investment, we're closer to realizing our vision of a service that deeply understands every aspect of the legal function. This will help level the playing field between big and small law firms and make legal services more accessible."