Legal AI company Robin AI has secured $25 million in additional funding, with several of its Fortune 500 clients joining as investors — marking an unusual vote of confidence in the four-year-old startup.
Why it matters: The deal highlights a growing trend where enterprise customers are betting their own money on AI solutions they use, particularly in the legal tech space where traditional law firms have been slow to innovate.
The details:
- The funding comes just months after Robin AI's $26 million Series B in January 2024
- New investors include PayPal Ventures and Cambridge University — both also Robin AI customers
- The company reports $10 million in annual recurring revenue
Between the lines: Robin AI's hybrid approach sets it apart in the legal tech race. Rather than just selling AI tools, it combines:
- AI-powered document analysis
- An 80-person legal team across global offices
- Proprietary contract database
By the numbers:
- 13 Fortune 500 companies use Robin AI's platform
- U.S. operations grew sixfold in 2024
- The company says it can cut legal review costs by up to 80%
The impact: In one recent case, Robin AI helped a U.S. biotech firm review 10,000 contracts in 72 hours following a data breach — a task that would typically take weeks and cost $2.6 million through traditional legal channels.
"We have premium customers, so it's a great sign that those customers want to become investors," says Richard Robinson, Robin AI's co-founder and CEO.
What to watch: Robin AI faces stiff competition from well-funded rivals like Harvey AI, which raised $100 million at a $1.5 billion valuation, and Thomson Reuters, which acquired Casetext for $650 million in 2023.