Luminance, an AI-powered platform that seeks to disrupt the legal due diligence process, has received an undisclosed sum of funding from Talis Capital, valuing the company at more than $20m.
The company, which spun out of the University of Cambridge, received $3m from Invoke Capital, Mike Lynch’s tech investment vehicle, in September. Emily Foges, CEO of Luminance, spoke about the raise: “The demand for Luminance has been very high. We have deployed the technology in markets ranging from South Africa to the Nordics, as lawyers recognise the immense benefits of the time saved by Luminance’s ability to read and understand an entire data room in a matter of hours, freeing them up to do high-value work in high-pressure situations.”
http://techcitynews.com/2016/12/15/luminance-gets-valued-20m-following-undisclosed-funding/
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