Genie AI Secures $17.8 Million in Series A Funding
U.K.-based legal technology startup Genie AI has raised $17.8 million in a Series A funding round led by Google Ventures, with participation from Kholsa Ventures. Founded in 2017, Genie AI provides a generative AI assistant designed to automate various legal tasks, including document drafting and contract review and negotiation, primarily for in-house legal departments and law firms. The startup also offers a comprehensive database of contract templates and clauses.
Genie AI’s AI assistant is engineered to streamline legal workflows by leveraging generative AI technology. This capability allows legal professionals to focus on higher-value tasks while improving the efficiency and accuracy of legal document management.
The funding round, announced on Wednesday, reflects growing investor interest in legal technology solutions that harness AI to transform traditional legal practices. Genie AI’s innovative approach to automating legal document processes positions it at the forefront of this technological shift in the legal industry.
