Source: Tech Funding News
Genie AI, an AI legal editor based in the UK, has secured £13.3 million in Series A funding. Led by GV (Google Ventures) that recently backed Distance Technologies and wealth.com, and joined by Khosla Ventures, which invested recently in OpenAI and DevRev, taking its total raised to over £15 million.
Prior to this, the company secured a grant from Innovate UK to advance the development of its category-leading AI legal assistant. The latest funding will enable Genie AI to further improve its agentic legal editor.
“Lawyers are seen by many as the ‘no’ people”, commented Rafie Faruq, Cofounder and CEO at Genie AI. “Genie is the most risk-aware way to draft today, giving lawyers that extra layer of comfort. The faster we can mitigate the risk, the faster we can turn around documents – and Genie’s AI drafter has a seven year head start to help them do this”.
“AI is already rapidly transforming industries and legal is one of the areas that will benefit from this technology,” said Kanu Gulati, Partner at Khosla Ventures. “Genie AI’s technology, progress to date and vision going forward made this a compelling investment for us.”
Read the full article: https://techfundingnews.com/uk-based-genie-ai-raises-13-3m-to-speed-up-ai-legal-editor-tasks/
