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Luminance’s AI-powered repository automatically extracts key information from all contracts, whether executed or under negotiation, providing instant insight across over 1,000 legal concepts, such as contract term, clauses present, and governing law.
Product Overview - Luminance
LUMINANCE DILIGENCE AI for Automated Contract Review. Instant anomaly detection. Over 1,000 out-of-the-box concepts recognised. Point-and-click user addition of concepts. Automatic clause and document compliance
Technology - Luminance
Luminance's AI uniquely combines pattern-recognition technology with a range of techniques. The system can therefore evolve (both naturally and under request) in order to stay current in line with company or nationwide changes, for example, when entering new markets with different regulatory standards, or when unexpected global events require ...
Luminance Raises $40 Million in Funding Round Led by March …
Apr 2, 2024 · Luminance, the leader in ‘legal-grade’ AI, today announced that it has raised $40 million in a Series B funding round. The investment is led by Santa Monica-based growth-stage venture firm, March Capital, with participation from National Grid Partners and other existing investors, including Slaughter and May.
Corporate - Luminance
Luminance’s AI empowers non-legal teams to generate, negotiate and amend contracts in line with internal standards. From Sales and Procurement to Finance and HR, every business function can use Luminance to draft their own compliant contracts from approved templates.
Luminance Showcases World’s First Completely AI-Powered …
Nov 7, 2023 · In a live demonstration, Luminance’s cutting-edge technology has become the first AI in the world to completely automate the negotiation of a contract, without human intervention, between two opposing parties.
Diligence - Luminance
Luminance Diligence uses next-generation AI to enhance and expedite a vast range of contract review projects, from M&A due diligence and lease reviews, to ensuring compliance with data protection regulations, and repapering.
Luminance Announces AI-Powered Chatbot in Latest Application …
May 11, 2023 · ‘Ask Lumi’ represents the first chatbot underpinned by this legal-grade AI, and allows users to open any contract in Microsoft Word, ask the AI questions about their contract and receive instant responses.
Luminance launches AI tool designed to transform in-house legal …
May 27, 2021 · Instead of manually sifting through contracts in order to identify and collate key information, Luminance’s AI-powered technology will give in-house teams immediate insight into their contracts, highlighting key features such as clauses, parties and Governing Law.
Luminance Crowned AI Trailblazer of the Year
Dec 8, 2023 · Luminance was crowned ‘AI Trailblazer of the Year’ for its demonstrated innovation and transformative technology that is revolutionising the way that over 600 organisations worldwide conduct core legal processes.