Mike Lynch backs Cambridge law-tech start-up Luminance

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Could robots replace lawyers? Probably not, but Cambridge business big-shot Mike Lynch is backing a start-up which aims to harness the power of machine learning in the legal process.

Autonomy founder Lynch has put an undisclosed sum into Luminance through his investment fund, Invoke Capital.

Founded by a combination of lawyers, experts in M&A and mathematicians Luminance’s technology is based on R&D from Cambridge University, and is anchored in Recursive Bayesian Estimation theory. Obviously. It harnesses the power of artificial intelligence to automatically read and understand hundreds of pages of detailed and complex legal documentation every minute. This offers companies the ability to carry out essential due diligence work with much greater speed.

 Lynch said: “It is not an understatement to say that this is an application of Artificial Intelligence that will completely transform the due diligence process, which is perhaps long overdue. Like our investments in Darktrace and Sophia Genetics, there is a technological advantage in this particular product that outstrips its rivals.

Read the source article at cambridge-news.co.uk