Robin AI, a UK-based company developing an AI "co-pilot" for drafting and reviewing legal contracts, has raised $26 million in Series B funding, bringing its total funding to nearly $43 million. The company's technology, based on Anthropic's large language model Claude 2.1, has been trained on over 2 million contracts and specific algorithms for understanding contracts. The Robin Copilot, available as a Microsoft Word add-in, can create contracts, review existing ones, and suggest changes, reportedly reducing contract review time by over 80% and costs by 75%. The new funding will be used to expand Robin AI's operations in the US and Asia Pacific. The round was led by Singapore's Temasek Holding Ltd.
Sources: