Fundz

Genie AI raised £13.3M in a Series A round led by Google Ventures and Khosla Ventures to enhance its AI legal editing capabilities.

PRIVATEOct 23, 2024

Amount Raised

£13.3 Million

Round Type

Series A

LondonSoftwareArtificial IntelligenceMachine LearningNatural Language ProcessingLegalLegal Tech

Investors

Khosla VenturesGV

Description

Genie AI has secured £13.3 million in Series A funding, with contributions from Google Ventures and Khosla Ventures. The funding will be utilized to further improve its agentic legal editor, building upon previously raised funds totaling over £15 million.

Quick answer

Genie AI raised £13.3 Million in a Series A round, dated October 23, 2024. Investors: Khosla Ventures and GV. Genie AI is based in London, England, United Kingdom.

How much did Genie AI raise?
Genie AI raised £13.3 Million in a Series A round on October 23, 2024.
Who invested in Genie AI?
Khosla Ventures and GV are named as investors in this round.
What does Genie AI do?
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.
Where is Genie AI based and how big is it?
Genie AI is based in London, England, United Kingdom.
Who are the decision-makers at Genie AI?
Fundz holds 2 contacts at Genie AI. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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.

  • Theo AI raised $2.2M (Pre-Seed) on November 20, 2024.
  • Jhana raised $1.6M (Seed) on September 24, 2024.
  • Billables AI raised $3.9M (Seed) on October 2, 2024.
  • Briefcase raised $2.9M (Seed) on December 4, 2024.
  • Wexler AI raised $1.4M (Pre-Seed) on December 3, 2024.
  • RaptorX.ai raised $473K (Pre-Seed) on December 2, 2024.

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.

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  • The decision-makers there, with verified emails
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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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2 contacts
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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

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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