Genie AI Raises $17.8 Million to build Agentic Legal AI

We’re thrilled to share some exciting news with our Genie AI community! We’ve just secured $17.8 million (£13.3 million) in Series A funding, led by GV (Google Ventures) and joined by Khosla Ventures (early investors in OpenAI). This investment brings our total funding to over $20 million (£15 million), building on our previous Government grants and seed funding led by Connect Ventures.

What This Means for You

With this new funding, we’re set to take our agentic legal editor to the next level. Here’s how this will benefit you:

1. Faster, More Comprehensive Drafting: Genie can now draft fully personalized, professionally formatted 50+ page agreements across major global jurisdictions in minutes, not weeks.
2. Enhanced Risk Management: Our risk review feature detects issues, explains them, and suggests changes, giving you an extra layer of security.
3. Proven Success: Over 100,000 companies, including 11 FTSE100 companies and 20 Global200 law firms, trust Genie across 120+ jurisdictions.
4. Time and Cost Savings: Get 80% of your drafting or reviewing done in just 5 minutes, saving an average of 5 hours per week or up to $85,020 / £72,800 per year per attorney.

Our Vision for the Future

Our founders, Rafie Faruq and Nitish Mutha, developed Genie with a clear goal: to reduce legal friction and enhance global economic efficiency. We understand that contracts are the backbone of business transactions, and we’re here to make that process smoother than ever.

As Rafie puts it, “We’ve created Genie to be the most risk-aware way to draft today. We’re giving you that extra layer of comfort, helping you mitigate risk and turn around documents faster than ever before.”

What Our Investors Are Saying

Our vision has resonated with some of the biggest names in venture capital:

“Genie is changing the way businesses all over the world transact.” Vidu Shanmugarajah, Partner at GV:

Behind the Scenes: Here's a short interview with Vidu, Partner at Google Ventures explaining why they chose to invest in Genie AI

“AI is already rapidly transforming industries, and legal is one of the areas that will benefit from this technology.” Kanu Gulati, Partner at Khosla Ventures:

Join the Legal AI Revolution

With Genie, you’re not just getting a tool; you’re joining a movement to transform the legal industry. Our technology has the backing of leading figures in machine learning and law, including Professor Jun Wang (Explainable AI) and Lord Neuberger (President of the Supreme Court of the United Kingdom from 2012 to 2017)

First-hand data from our users report the following jaw-dropping numbers

Average time saved per document: On average, users save 3.32 hours per document.

Average percentage completion in 5 minutes: On average, users report getting to 72% completion of their documents with Genie.

The average total time saved per person per year is approximately 369.47 hours when using Genie AI.

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What’s Next for Genie AI?

This funding round is just the beginning. We’re excited to share our roadmap for the coming months:

1. [New Feature Teaser: Briefly describe an upcoming feature that’s in development]
2. [Expansion Plans: Mention any plans for entering new markets or industries]
3. [Community Initiatives: Highlight any upcoming events, webinars, or resources for our users]

[Team Spotlight: Introduce a key team member and their role in Genie AI’s growth]

We’re incredibly grateful for the support of our users, investors, and team members who have made this milestone possible. As we embark on this next chapter, we’re more committed than ever to our mission of making legal drafting faster, safer, and more efficient for everyone.

Ready to experience the future of legal drafting? Visit our website to learn more about how Genie can revolutionize your legal processes.

[Call to Action: Encourage readers to sign up for a demo or free trial]

Stay tuned for more updates, and thank you for being part of the Genie AI journey!

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