London-based legal AI company Luminance has raised £60 million in a Series C funding round to expand its operations across the USA, Europe, and the Asia-Pacific region. This investment brings the total raised by the company in the past year alone to over £90 million.

Developed by AI experts from the University of Cambridge, Luminance uses specialised AI, known as the “panel of judges,” to automate and augment every interaction a business has with its contracts.London-based legal AI company Luminance has raised £60m in a Series C funding round to expand its operations across the US, Europe, and the Asia-Pacific region. This investment brings the total raised by the company in the past year alone to over £90m.

Developed by AI experts from the University of Cambridge, Luminance uses specialised AI, known as the “panel of judges,” to automate and augment every interaction a business has with its contracts.

Luminance works with over 700 organisations in more than 70 countries, including blue-chip clients such as AMD, Hitachi, LG Chem, SiriusXM, Rolls-Royce, and Lamborghini. Overthe past two years, the company has seen a five-fold increase in customers and a six-fold growth in annual recurring revenue (ARR) in its core corporate product offering.

To meet this surge in global demand, Luminance increased its headcount by 80% in 2024.

Eleanor Lightbody, Luminance CEO, said: “This funding is all about innovation, expansion and scaling. It supercharges our US growth, where 40% of our revenue is already generated, and will fuel key hires and new offices across the US, APAC and Europe. It also accelerates innovation at our Cambridge R&D hub as we expand Luminance’s AI platform to legal adjacent use cases in procurement and compliance.”

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