Uk-Based Genie Ai Secures £200K To Develop World’s Most Advanced Ai Legal Assistant
08/17/23, 12:59 PM
Location
londonMoney raised
£200,000
Industry
legal tech
natural language processing
legal
machine learning
artificial intelligence
software
Round Type
seed
Investors
Cogitat, Hexis Lab, Aegiq, Innovate Uk
London-based legal AI company Genie AI has secured a grant of nearly £200K from Innovate UK known for backing Aegiq, HexisLab, and Cogitat, to advance the development of its category-leading AI legal assistant.
Company Info
Location
london, england, united kingdom
Additional Info
Genie AI was founded in 2017 by Rafie Faruq and Nitish Mutha who specialised in generative AI while taught at UCL by leading researchers at Google DeepMind. They recognised the opportunity for AI to reduce the time spent on tasks that involve language processing, data analysis, and decision-making, all prevalent in contract drafting, and developed the most advanced AI legal drafter in the market.