Fundz

Uk-Based Genie Ai Secures £200K To Develop World’s Most Advanced Ai Legal Assistant

PRIVATEAug 17, 2023

Amount Raised

£200,000

Round Type

Seed

LondonSoftwareArtificial IntelligenceMachine LearningNatural Language ProcessingLegalLegal Tech

Investors

CogitatHexis LabAegiqInnovate UK

Description

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. 

Who else raised in Natural Language Processing and Legal around the same time

Companies in the same sectors as Genie AI that raised within 45 days of this round, from Fundz verified event records.

  • Prompt AI raised $5M (Seed) on September 28, 2023.
  • Betterleap raised $13M (Seed) on September 18, 2023.
  • Druid AI raised $30M (Series B) on September 12, 2023.
  • CLARA Analytics raised $24M (Series C) on September 8, 2023.
  • Marqo raised $5.2M (Funding Round) on August 16, 2023.
  • Voiceflow raised $15M (Funding Round) on August 15, 2023.

Who to call at Genie AI, and when

A new round usually means Genie AI is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Genie AI raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Genie AI, from your own LinkedIn network

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Company Information

Company

Genie AI

Location

London, England, United Kingdom

About

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.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Genie AI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Genie AI raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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