TechCrunch Startup News Legal tech startup Luminance, backed by the late Mike Lynch, raises $75M
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Feb 20, 2025 
Eleanor Lightbody, CEO of Luminance, shares insights into her legal tech startup that recently secured $75 million in funding. She discusses how generative AI is revolutionizing the interpretation of complex legal texts, providing a significant boost to startups in this niche. Lightbody emphasizes Luminance's unique innovations and its extensive client base, positioning the company to thrive in a rapidly evolving market. Tune in for a glimpse into the exciting future of legal technology!
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Legal Tech Boom
- Generative AI's improvement in interpreting complex texts benefits legal tech startups.
- This has led to increased activity and funding in the legal tech space.
Luminance Funding
- Luminance, a legal AI company, raised $75M in Series C funding, totaling $165M.
- It's one of the largest for a pure-play legal AI company in UK/Europe.
Luminance's AI
- Luminance uses a 'panel of judges' AI system and a proprietary LLM (LPT) trained on legal documents.
- Many documents aren't public, making their platform defensible.