Luminance Corp.

A Luminance Corp. is a AI-focused legal tech startup.

• Context:
  • It was founded by mathematicians from the University of Cambridge.
  • ...
• See: Luminance AI Platform.

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References

2023

• https://linkedin.com/company/luminancetech/about/
  • QUOTE: Built on a proprietary legal Large Language Model (LLM), Luminance’s specialised legal co-pilot uses next-generation AI to automate the generation, negotiation and analysis of contracts. Developed by world-leading AI experts from the University of Cambridge, validated by leading lawyers, and in use by over 500 customers in 60 countries, Luminance’s specialist ‘legal-grade’ AI is a key component of any legal team.
  • Luminance brings AI to every touchpoint a lawyer has with their contracts. As the first AI in the world capable of taking a first pass review of any contract under negotiation, Luminance instantly highlights areas of risk so legal teams can focus time where it’s needed. With a first-of-its-kind AI chatbot, Luminance also allows businesses to find a comfortable middle ground during negotiations and draft new, acceptable clause wording in just a few clicks. An intelligent contract repository and powerful legal process automation tools deliver maximum insight across any organisation’s contractual landscape, ensuring legal teams can respond to queries with clarity and speed.
  • Luminance is the proud recipient of several prestigious accolades including the Queen’s Award for Innovation and the CogX 2023 Award for Best Product – Legal, and has been named to Tech Nation’s 'Future Fifty', CNBC’s ‘Upstart 100’ list and as a Technology Pioneer by the World Economic Forum.
  • Website: http://www.luminance.com
  • Industry: Software Development
  • Company size: 150 associated members
  • Headquarters: London, London
  • Founded: 2015
  • Specialties: Contract Automation, Contract Negotiation, Contract Management, Contract Review, Legal Technology, Legal Operations, Artificial Intelligence, Machine Learning, Unsupervised Learning, Data Visualisation, Risk Management, Due Diligence, and eDiscovery