Robin AI turns customers into investors

Robin AI, the leading provider of legal AI for business, confirmed it raised $25 million (£19.8 million) earlier in 2024, led by a group of its customers and existing investors.

Investors include Paypal Ventures, AFG Partners, Willet Advisors (Michael Bloomberg’s family office) and Cambridge University.

This was an opportunistic raise outside of a fundraising cycle to seize momentum generated by its $26m Series B raise in Jan. 2024 and the launch of Robin Reports, a first-of-its-kind legal AI product, which can summarize thousands of legal documents at once and recommend actions for users based on that analysis, for business-critical use cases such M&A due diligence and incident response (e.g. data breaches).

Robin has quietly been taking the global Fortune 500 by storm with its legal AI assistant, racking up 13 of the world’s largest companies and asset management firms as customers.

• Top customers include UBS, GE, Pfizer, Abbvie, PepsiCo, KPMG, PwC, and Blue Origin.
• Robin has established a lead in the large enterprise legal AI market, which is bigger than the market for AI in law firms
• Robin operates offices in New York, London and Singapore, and grew its U.S. operation six-fold in 2024.

Richard Robinson, Robin AI co-founder and CEO said

• “We have premium customers, so it’s a great sign that those customers want to become investors”
• “We’re positioned to win the huge upside of law firms failing their clients by failing to innovate.”
• “We have the world’s biggest proprietary contract database and deep partnerships with AWS and Anthropic on our side.”