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“Mike Lynch-backed legal tech startup Luminance raises $40 million, capitalizing on AI hype”

“Legal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence… Luminance said its annual recurring revenue jumped roughly fivefold in the past two years, but declined to share figures with CNBC…”

https://www.cnbc.com/2024/04/02/legal-tech-startup-luminance-rides-ai-hype-to-40-million-fundraise.html

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