Genie AI is a London-based legal tech startup (with US offices) that uses artificial intelligence (AI) to enhance contract drafting and management. It aims to open source legal knowledge to enable its members to produce high-quality community reviewed contracts. The company was established in 2017 by two University College London graduates who were interested in applying machine learning and natural language processing to legal texts, and who created the world's largest open-source legal template library. Genie's AI is based on GPT-4 and Genie's own proprietary language models trained on 100,000+ legal docs. Genie has thousands of templates and a contextual clause library.

Genie has a contract drafting tool that leverages AI to suggest clauses for contracts based on data from a large collection of legal documents. The tool is designed to assist lawyers and legal teams in drafting contracts more efficiently and with higher accuracy. It allows users to search through a database of contract clauses and then adapt and use them according to their specific needs.

Funding

On October 23, Genie AI announced that it raised $17.8 million in a series A funding round led by Google Venture and including Kholsa Ventures. .