Luminance has been named in the exclusive CNBC Upstart List 2019. Representing up-and-coming start-ups from a range of disciplines, including retail, health and technology, the list showcases the businesses taking the world by storm. With hundreds of nominees competing for a place, Luminance’s selection by CNBC is a fitting testament to its revolutionary legal technology.
Emily Foges, CEO of Luminance, is delighted by the announcement: “We are thrilled that Luminance’s cutting-edge technology is being recognised by such a prestigious list. Adopting AI to optimise legal work is increasingly being recognised as crucial for legal advisors around the globe. With the assistance of the platform, lawyers can be expected to deliver faster, more informed and more efficient results, all with more confidence than ever before.”
To make the cut, businesses were judged on a variety of criteria, such as sales and user growth, workforce diversity, as well as industry size and life-scale.
Luminance is the leading artificial intelligence platform for the legal profession. Founded by mathematicians from the University of Cambridge, Luminance has developed the Legal Inference Transformation Engine (LITE), the first true application of machine learning to the legal industry, combining pattern-recognition technology with supervised and unsupervised machine learning to read and understand human language. Luminance is used by law firms and in-house teams in over 43 countries around the world to improve processes such as due diligence, contract negotiation, regulatory compliance reviews, property portfolio analysis and eDiscovery. The company has offices in London, Cambridge, New York, Chicago and Singapore.
Founded in 1989, CNBC is recognised as the global leader in business news and market coverage with its networks expanding across CNBC World, CNBC US, CNBC in Asia Pacific and CNBC in Europe, Middle East and Africa. Its digital platform provides real-time financial news and information to millions of users. CNBC also has a vast portfolio of digital products on the market, offering CNBC content on a wide array of platforms.
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