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Luminance
AI for document review
- 101-200 employees
- B2B
- Artificial Intelligence
- Deep Tech
- Legal
- SaaS
- 6 Duke Street St James's, London, SW1Y 6BN
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Company mission
To transform the process of document review for lawyers and professionals around the world.
66% employee growth in 12 months
Otta's take
Theo Margolius
COO of Otta
Luminance is an AI-driven scale-up that provides document analysis software for lawyers and other professionals around the world. The company uses advanced artificial intelligence to streamline the process of reviewing documents, reducing the time spent on different legal processes from hours to minutes. According to Luminance, firms can save more than 90% of their time in the first week of using their technology.
Luminance’s differentiator is its technology – a proprietary blend of supervised and unsupervised machine learning that powers three powerful products. Luminance’s AI helps lawyers to draft, negotiate, review and analyse any volume of documentation in any language, and is the only technology in the world that can take a first pass review of any incoming contract.
Today, Luminance is used by over 400 customers across 60 countries worldwide, including all of the Big Four accountancy firms, one fifth of the world’s largest law firms and in-house teams of multinational organisations such as Ferrero and Tesco. The company has raised over $30 million from world-leading investors, funds which have been put towards developing the company’s technology and hiring global talent in more than six cities around the world.
Benefits
- Apple Mac laptop
- Competitive salary
- Modern offices that are located in the heart of London, Cambridge and New York
- Paid one month sabbatical after three years' employment
- Enhanced maternity and paternity pay
- 'Superstar' employees unlock an additional 2 days holiday for that year, vouchers for their team and the ability to "work from anywhere" for two weeks of the year
- Hybrid working
- Comprehensive private healthcare
Funding (last 2 of 4 rounds)
Apr 2024
$40m
SERIES B
Feb 2019
$10m
EARLY VC
$63m
Total funding
Founders
Adam Guthrie
(Chief Technical Architect)Adam is a Founder of Luminance and leads the customer-focussed technical aspects of the company. He has 12 years' experience in software engineering and development and holds an MA from the University.
Eleanor Weaver
(CEO)Eleanor has a wealth of experience in scaling tech companies and is a former Director at cyber AI company, Darktrace. She was listed in Management Today's '35 Under 35' list of female entrepreneurs.
People progressing
Having joined Luminance as an Account Executive in 2019, Orianne was quickly promoted to Senior Account Executive after one year and again to Head of Luminance Discovery after just eight months.
Having joined Luminance as a Marketing Executive in 2021, within just six months Amy progressed to the Senior Marketing Executive position and leads on the company's events strategy globally.
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