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Luminance secures $40M in Series B funding for AI #LegalTech

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Luminance, a legal technology company, has raised $40 million in a Series B funding round for its Generative AI-for-law platform. The platform uses artificial intelligence to analyze legal documents and contracts, helping law firms and legal departments to work more efficiently and accurately. The funding will be used to further develop the platform and expand its reach in the legal industry. Luminance’s technology has been adopted by over 350 organizations globally, including law firms, in-house legal teams, and regulators. The company aims to continue innovating in the legal tech space and providing cutting-edge solutions for the legal industry.

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Source link: https://tech.eu/2024/04/02/luminances-legal-ai/

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