Luminance, an AI-powered legal contracts startup, has launched Lumi Go, an AI agent designed to auto-negotiate contracts. The company, already used by major law firms and Fortune 500 companies, has experienced significant growth, securing $75 million in Series C funding to expand in the U.S. and innovate further.
Meanwhile, Bria, an Israeli generative AI startup, aims to solve intellectual property concerns in AI-generated content by training its models solely on licensed data. The company has raised $40 million in Series B funding to expand its attribution technology beyond images.
Additionally, blockchain startup Halliday has raised $20 million to develop its “Agentic Workflow Protocol,” which enables AI-powered blockchain applications to interact securely across multiple protocols, reducing the need for custom smart contracts.
Key Points:
Luminance launched Lumi Go, an AI agent for auto-negotiating contracts, already used by top law firms and Fortune 500 companies.
The company secured $75 million in Series C funding, bringing its 12-month total to over $115 million.
Luminance plans to expand in the U.S., APAC, and Europe while extending its AI into procurement and compliance.
Bria raised $40 million to tackle generative AI’s IP challenges, ensuring licensed data usage and creator compensation.
Bria’s technology will now extend beyond images to music, video, and text generation.
Halliday secured $20 million to develop an AI-powered blockchain platform, simplifying application development across multiple blockchains.
Halliday’s protocol allows AI agents to interact safely with blockchain assets, reducing reliance on custom smart contracts.
Key Quotes:
“Luminance said it has seen a five-fold increase in customers and six-fold annual recurring revenue growth over the past two years.”
“Bria’s patented attribution engine ensures data owners are compensated based on their influence on the generated outputs.”
“Halliday claims it can build applications in hours that would previously take years.”
Implications:
Luminance’s growth and funding indicate a strong demand for AI-driven legal automation, particularly in high-stakes negotiations.
Bria’s approach to ethical generative AI could set a new standard for fair content creation and licensing, potentially mitigating ongoing legal battles in AI-generated media.
Halliday’s blockchain AI solution could streamline decentralized application development, making AI-integrated blockchain technology more accessible and scalable.
The influx of investments in AI startups highlights a continued shift toward automation and efficiency in legal, creative, and blockchain industries.
