Robin AI Secures $26 Million Investment from Singapore's Temasek for Regional Expansion in Asia-Pacific

UK-based AI-driven legal copilot, Robin AI Today, the firm has announced it obtained $26 million through a new Series B funding, spearheaded by Temasek, a renowned global investment firm based in Singapore. Other participants in this funding round include QuantumLight, Plural, and AFG Partners.

According to the company, the new funding These funds will empower the company to leverage the current robust momentum in the legal marketplace. Plans include enlarging its workforce in the United States, where a significant portion of its revenue stems from, and opening a new office in the region. Singapore This funding marks a pivotal step toward establishing a foothold in the Asia-Pacific market.

Additionally, the raised capital will support the expansion of its current team of experts. AI and machine learning experts.

"We have experienced tremendous interest from users who recognize that we offer the most advanced AI contract copilot available today. However, this is just the initial phase. We are developing an AI infrastructure specifically tailored for the legal industry—a service designed to grasp every intricacy of legal operations, ranging from contract drafting and research to elucidating legal principles. Our goal is for this AI to assist users in navigating every legal challenge they face,” remarked Richard Robinson, the CEO and co-founder of Robin AI.

"This development will empower both large and small law firms, granting more individuals access to necessary legal resources. This investment is a crucial step in bringing this vision to life,” Robinson added.

Robin AI Tackles Challenges in the Legal Sector

The firm's newly launched contract copilot functions as an add-in, streamlining the integration of AI into lawyers’ daily workflows. This copilot can be customized with a client’s negotiation guidelines, facilitating quick contract reviews, clause identification, and edit suggestions, all while allowing lawyers to maintain complete oversight. Microsoft Word The Robin AI copilot also provides users with search functionalities to efficiently locate necessary information, like obligations, within all signed contracts.

"As a global fund supported by investors from financial services, we believe there is a more effective way to handle the increasing volume of legal agreements among parties. Robin AI presents a highly relevant solution within our network of investors and partners and we eagerly anticipate further scaling the company into Asia and beyond,” stated Ivan Ong, Partner at AFG Partners. \"We are delighted to collaborate with Temasek and other distinguished investors as we accompany Robin AI on its growth trajectory.” natural language Robin AI serves as a pivotal launch partner for Claude, Anthropic’s Large Language Model (LLM). Claude 2.1, with its exclusive availability to Robin AI, shines in the legal domain by supporting longer prompts, which is essential for dissecting intricate legal documents that can be as extensive as 150,000 words.

The approach taken by Robin AI blends Claude's capabilities with its proprietary data derived from over two million contracts, employing advanced machine learning techniques for a thorough analysis.

Earlier this year, Robin AI joined Anthropic Please be reminded that the information on this page does not serve as legal, tax, investment, or financial counsel, or any form of guidance. It is crucial to invest only what you can afford to lose, and to consult with independent financial professionals if uncertainties arise. For additional details, we recommend reviewing the terms and conditions as well as the help and support resources provided by the issuer or advertiser. MetaversePost is committed to delivering precise, impartial reporting, but market conditions can change without prior notice.

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