Luminance, an artificial intelligence platform for the legal profession, has secured an undisclosed amount of funding, elevating its valuation to £20m. Launched in September 2016, the startup uses machine learning to read and understand legal documents, helping lawyers to work more efficiently. The funding was led by Talis Capital and will be used to further develop the platform’s technology and expand its customer base. Luminance has already garnered attention from leading law firms, including Slaughter and May, which has adopted the technology and become a minority shareholder. The company’s CEO, Emily Foges, believes that the investment signifies a vote of confidence in the platform’s potential to revolutionise the legal profession. She also noted that the funding would enable Luminance to meet the growing demand for its services.
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