Skip to content

Robin AI raises £20.6m in round led by Singapore’s Temasek

Robin AI founders
Image credit: Robin AI

London-based legal tech Robin AI has secured $26m (£20.6m) in a funding round led by Temasek, a global investment company owned by the Singapore government.

Robin AI, which uses generative AI technology to automate legal tasks like drafting contracts, said it would use the capital injection to fund its US expansion and launch in Asia Pacific.

Other investors in the Series B round include QuantumLight, Plural and AFG Partners.

Robin AI was founded by Richard Robinson and Dr James Clough in 2019. Its clients include large multinationals like Pepsico along with SMEs and scaleups.

It has a partnership with Anthropic to use the US firm’s large language model – known as Claude – to power part of Robin AI’s technology.

Robin AI mixes this with its own proprietary contract data and machine learning algorithms, which can scan legal documents to extract insights.

The British firm’s contract co-pilot tool was recently launched as an add-in to Microsoft Word.

“We’ve seen incredible customer traction with what we believe is the smartest AI contract copilot on the market,” said Robinson, who has relocated to New York as part of the US expansion.

“But this is just the beginning. We are building the AI platform for the legal sector – a service that deeply understands every aspect of the legal function, from drafting contracts, researching case law to explaining legal concepts – our AI will help people tackle every legal task.”

It comes just under a year since Robin AI’s £8.8m Series A funding round in which it secured funding from an angel cohort that included Monzo founder Tom Blomfield.

Temasek portfolio is valued at S$382bn (£228bn). The bulk of Temasek’s portfolio is located in Singapore and China. Among those investments are Chinese ecommerce giant Alibaba and technology conglomerate Tencent.

It has also invested in US ecommerce behemoth Amazon and home rental platform Airbnb.

Companies House filings, first reported by Sifted, show that Temasek’s Ming You See joined the Robin AI board on 7 November 2023 as part of the deal.

Carina Namih, partner at Plural, said: “Everyone is wondering how AI lands usefully. Robin is delivering AI products to an astonishing volume and range of customers – serious businesses across sectors that are using it today to transform how they work. And they’ve only scratched the surface.”

Listen: How AI is transforming the legal sector with Robin AI founder Richard Robinson

Topics

Register for Free

Get daily updates and enjoy an ad-reduced experience.

Already have an account? Log in