Artificial intelligence might have found the next big opportunity for disruption: the law.

‍What’s happening:‍

• United Kingdom based artificial intelligence startup Luminance has raised $40M USD in a new Series B financing round
  
• The round was led by venture capital fund March Capital
  

The big idea:‍

• Luminance has purpose built a large language model to usher in the capabilities of artificial intelligence into legal matters
  
• Luminance is capable of rapidly scanning documents to find non-standard clauses, non-compliance or potential legal concerns
  
• The artificial intelligence models developed by Luminance are also capable of assisting in ongoing negotiations and reviewing evidence in legal cases
  

By the numbers:‍

• Luminance is currently being used by over 600 different companies in more than 70 countries globally
  
• The artificial intelligence models that Luminance has built have already been exposed to and trained on more than 150 million individual legal documents
  

Going deeper:‍

• Many notable companies are currently using Luminance’s artificial intelligence software, including Koch Industries, Liberty Mutual, LG Chem and others
  

The intrigue:‍

• One of the largest law firms in the United Kingdom Slaughter and May also participated in the latest financing round for Luminance

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