Source: Robin AI
Robin AI, the leading provider of legal AI for business, confirmed it raised $25 million earlier in 2024, led by a group of its customers and existing investors. Investors include Paypal Ventures and Cambridge University.
This was an opportunistic raise outside of a fundraising cycle to seize momentum generated by its $26m Series B raise in Jan. 2024 and the launch of Robin Reports, a first-of-its-kind legal AI product, which can summarize thousands of legal documents at once and recommend actions for users based on that analysis, for business-critical use cases such M&A due diligence and incident response (e.g. data breaches).
“We have premium customers, so it’s a great sign that those customers want to become investors,” said Richard Robinson, Robin AI co-founder and CEO. “We have the world’s biggest proprietary contract database and deep partnerships with AWS and Anthropic on our side.”
Read the full article: https://www.robinai.com/newsroom/robin-ai-turns-customers-into-investors
