Legal AI startup Luminance has secured $75 million in Series C funding, led by Point72 Private Investments, bringing its total raised to $165 million. The company specializes in AI-powered contract automation using its proprietary Legal Pre-trained Transformer (LPT), ensuring greater accuracy and transparency than general AI models. Luminance's flagship product, Lumi Go, enables AI-driven contract negotiation and analysis. With over 700 clients in 70+ countries, including major corporations, Luminance is expanding aggressively in North America. The funding will help enhance its AI capabilities and solidify its position in the legal tech industry.
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Legal AI Startup Luminance Secures $75M to Advance AI-Powered Contracts
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