GenieAI raised a US$17.8 million (£13.3 million) Series A led by GV with Khosla Ventures, the company said on 23 October 2024. It put total funding above US$20 million including its Connect Ventures seed and grants.
The London company focuses on agentic drafting, review and negotiation of legal documents across more than 120 jurisdictions. It was founded in 2017 by Rafie Faruq and Nitish Mutha.
Backing from GV puts GenieAI among the better-funded challengers selling contract AI beyond large law firms.
Buyers should ask how jurisdiction coverage is maintained and where human review is required before documents go out.
Figures and customer claims in this piece are those stated by the company or counterparties in the cited materials.
AI-360 has not independently audited operating metrics named in the announcement.
Nothing in this archive note is investment advice or a recommendation to buy or sell securities.
Product roadmaps and deal timelines remain subject to the usual commercial and regulatory conditions.
Readers should treat scale and outcome metrics as company-stated unless a filing or independent audit is cited.
This archive note records the announcement as published at the time; later developments may have changed the picture.
AI-360 tracks enterprise AI vendors serving banking, insurance, capital markets and legal buyers, and adds archive news to company profiles as primary sources are confirmed.