Robin AI, a UK-based legal platform for businesses, has raised an additional $25M to expand its operations.
The new capital reflects growing confidence in Robin’s AI-driven solutions, with clients like Cambridge University joining existing backers to support the company. Other investors who participated in the round include PayPal Ventures and AFG Partners.
This latest cash injection follows Robin AI’s $26 million Series B round earlier this year alongside the launch of Robin Reports, a product designed to streamline complex legal processes.
Robin AI is Turning Clients To Investors
Robin AI has quietly taken the global Fortune 500 by storm with its legal AI assistant. It has racked up 13 of the world’s largest companies and asset management firms as customers.
Speaking on the raise, Richard Robinson, Robin AI co-founder and CEO, said, “We have premium customers, so it’s a great sign that those customers want to become investors.”
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Some customers on Robin AI’s client base include UBS, GE, Pfizer, Abbvie, PepsiCo, KPMG, PwC, and Blue Origin. Remarkably, some of its customers, such as billionaire Michael Bloomberg’s family office, Willets, and the University of Cambridge, participated in this funding round.
Collaboration Between Humans and AI in Legal Space
Founded in 2019 by former Clifford Chance lawyer Richard Robinson and Machine Learning researcher James Clough, Robin AI is a legal tech startup that uses AI, software, and human reviewers to automate contract management.
Its services are designed to be cheaper, faster, and more accurate than traditional legal work. Robin operates offices in New York, London, and Singapore and 6X its U.S. operations in 2024.
The legal startup uses its advanced AI models alongside its 80-member legal team to provide tailored solutions for complex and business-critical use cases.
Citing a case study, the black-led startup helped an unnamed U.S. biotech firm deal with a data breach by reviewing 10,000 contracts across 30 different contract types to understand the biotech’s obligations to notify counterparties about the breach.
Using the Reports product and Robin’s human legal experts, Robin says the biotech identified the 50 highest priority contracts that required notification in hours and has an action plan for all 10,000 contracts within 72 hours.
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It estimated that this saved the biotech company 93% of the time and 80% of the estimated $2.6 million it would have taken to hire an outside law firm to review the contracts manually.
Robin AI Positioned to Lead AI Adoption in Legal Space
Robin AI launched Robin Reports, a first-of-its-kind legal AI product that can summarize thousands of legal documents and recommend user actions based on that analysis for business-critical use cases such as M&A due diligence and incident response (e.g., data breaches).
The company intends to use the funds to expand operations and its development efforts. This brings the total amount raised by the London-based company to $61.5M, up from its initial $26M announcement in January this year.
Although the company didn’t disclose its updated valuation, it told Fortune it is earning $10 million in annual recurring revenue. Going forward, Robin AI is set to address traditional law firms’ slow adoption of AI, offering efficient, business-first solutions that streamline legal processes and drive value for enterprise clients.
Main Image: Robin AI Co-Founders Richard Robinson and (CEO) and James Clough
