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Genie AI, a London, UK-based AI legal editor, raised £13.3M in Series A funding.
The round, which brought the total amount to £15M, was led by GV (Google Ventures), and joined by Khosla Ventures.
The company intends to use the funds to further improve its agentic legal editor.
Led by CEO Rafie Faruq, Genie AI is an AI legal editor that enables everyone to draft, review, edit, and negotiate legal documents more efficiently, by combining the following three products:
- Agentic Legal AI – Genie drafts, reviews, edits, red-lines, and comments on clients’ documents.
- Legal Editor – capable of importing long and complicated Microsoft Word files with precision and structuring them to be edited by the Agentic Legal AI.
- Legal Library – A public database of thousands of toolkits, templates, clauses and guidance notes, used by millions, and fully compatible with Genie’s Legal Editor and Agentic Legal AI.
To date, over 100,000 companies have drafted or reviewed documents on Genie, including 11 FTSE100 companies, 20 Global200 law firms, a number of top US banks, and two of the ‘big four’ UK supermarket chains. Contracts have been drafted in 120+ jurisdictions including the UK, California, Texas, India, Australia, South Africa, Singapore, France, and Germany.
FinSMEs
23/10/2024