Stricken legal start-up Robin AI swooped on by rival

A ineligible exertion start-up which was feted arsenic 1 of the industry’s astir promising players aft raising tens of millions of pounds from blue-chip investors is connected the brink of selling the bulk of its operations to a rival.

Sky News understands that Robin AI, which was forced to laic disconnected a large chunk of its workforce during the autumn aft a caller backing circular failed to materialise, is selling its managed services part to Scissero, a UK-based peer.

Sources said the deal, which was said to person been struck astatine a knockdown price, was apt to beryllium announced publically connected Wednesday.

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In 2023, Robin AI was hailed by Rishi Sunak, the past premier minister, for "revolutionising the ineligible profession, penning contracts successful minutes, redeeming businesses and customers clip and money".

The‍ institution was backed by investors including the Japanese elephantine SoftBank and Episode1, a salient London-based task superior firm.

Its operation with Scissero volition instrumentality the latter's lawsuit basal to much than 100 companies and alteration it to vie much straight with ineligible AI companies specified arsenic US-based Harvey and Sweden's Legora.

Robin AI's lawsuit basal includes ample plus managers, concern banks and the likes of Pfizer, PepsiCo and General Electric.

The enlarged institution volition person a workforce of astir 150 people, though Scissero is not acquiring Robin AI's exertion platform.

In a connection issued to Sky News, Mathias Strasser, Scissero main executive, said: "The AI-enabled ineligible services marketplace is entering a play of meaningful consolidation, and the UK is exceptionally good placed to pb the adjacent question of innovation successful AI and ineligible technology.

"We are arrogant to beryllium taking an early, proactive relation successful shaping this evolution, bringing unneurotic best-in-class talent, precocious exertion and scalable delivery."

Richard Robinson, Robin AI main executive, said: "Becoming portion of Scissero marks an breathtaking caller section for our managed services squad and our clients.

"Scissero's planetary capabilities, regulated ineligible services offering, and market-leading exertion level mean our clients volition present payment from a broader acceptable of solutions portion continuing to person the high-quality work and accelerated turnaround times they trust on."