Robin AI turns customers into investors

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

Investors include Paypal Ventures 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).

Context: 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, 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.

What they’re saying: 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.”

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An earlier version of this statement misstated an investor name, and has been corrected.