Eigen Technologies has raised £13 million from Goldman Sachs and Temasek.
The London startup uses AI to read and analyse complex contracts and documents in fields such as law and finance.
LONDON — Artificial intelligence startup Eigen Technologies has raised £13 million from Goldman Sachs Principal Strategic Investments and Singapore's state investment fund Temasek.
London-based Eigen uses artificial intelligence technology to read legal and financial documents, making it easier for lawyers and bankers to analyse complex contracts — everything from derivatives to land deeds — and find specific clauses.
Eigen's cofounder and CEO Dr. Lewis Z. Liu, who was featured on Business Insider's UK Fintech 35 under 35, said in a statement: "Three and a half years ago we set out to be a truly unique AI company, one that allows our clients to harness the power of their qualitative data to make better decisions.
This Series A round underlines our ambitions and is the next major step in our expansion plan.