A startup that's developing artificial intelligence to help lawyers do their job better has raised fresh funding and plans to expand to the US.
Luminance has raised $10m (£7.5m) from investors that include Mike Lynch's Invoke Capital and law firm Slaughter and May, led by Talis Capital.
The fresh cash values the London startup at $50m as it expands to the US, where it is establishing a headquarters in Chicago.
The Luminance platform helps those in the legal world analyse contracts such as M&A deal documents.
"The knowledge we have gained through piloting, testing and using the software on live transactions gives us real confidence in what we consider to be a highly differentiated due diligence tool," said Slaughter and May partner Sally Wokes.
Talis Capital managing partner and co-founder Vasile Foca said: “We have seen technology integration within the legal sector, in particular that based on artificial intelligence and machine learning, transition from a support function to an enabler and efficiency-driver, allowing lawyers to focus on real added value to clients."