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.