# Genie AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/genie-ai

- Industry: Software
- Headquarters: Cambridge, UK
- Website: www.genieai.co
- Total disclosed funding: $18M
- Latest round: Series A (Oct 23, 2024)
- Investors on record: 2

## About

Based in the UK, Genie AI Limited offers a sophisticated AI-driven legal assistant platform that enhances efficiency in drafting, reviewing, and managing legal documents for businesses.Genie AI Limited is a technology firm based in Cambridge, UK, founded in 2017. The company specializes in AI solutions for the legal sector, enabling legal teams to streamline their operations. The founders include Adrian Molina, Nitish M, and Rafie Faruq, with Rafie Faruq currently serving as CEO. Genie AI has successfully closed 3 funding deals, with its latest being a Series A round on October 23, 2024, raising USD 17.8 mn from investors including GV and Khosla Ventures, marking the total amount raised at USD 17.8 mn.Genie AI provides a comprehensive AI-driven legal assistant platform designed to streamline the drafting, reviewing, and management of legal documents. The core product offerings include an extensive template library, automated contract generation, and intelligent document review functionalities. Genie’s platform helps legal teams and businesses efficiently create industry-standard contracts tailored to specific needs while ensuring compliance with local regulations across over 120 jurisdictions. The system is utilized by more than 100,000 users, including legal professionals and corporate legal departments, who rely on its capabilities to save time and enhance productivity in managing legal documentation. This user-friendly platform caters primarily to clients in sectors such as technology, finance, and consulting, with a client base spanning various geographic markets including North America, Europe, and parts of Asia.Genie AI operates on a subscription-based revenue model, offering tiered pricing plans that cater to various business needs. The flagship offering is the Pro subscription, which allows users to create and review up to ten documents per month, access a library of over 500 templates, and utilize AI tools for document explanation and editing. The company also provides tailored solutions for enterprise clients through custom subscriptions, which include unlimited document access and dedicated support. This structure enables Genie to serve a diverse clientele, ranging from startups to large legal teams, fostering ongoing partnerships and recurring revenue streams. The firm’s pricing plans reflect its commitment to accessibility and functionality, aimed at enhancing legal workflows for organizations of all sizes.In October 2024, Genie AI Limited raised USD 17.8 mn in Series A funding, co-led by GV and Khosla Ventures, to support the development of its innovative agentic legal editor. The company aims to launch this new product by the end of 2025 and is also planning to expand its services into new markets, specifically targeting regions in Asia and the Middle East. The recent funding will facilitate these growth initiatives, enabling Genie AI to enhance its product offerings and broaden its user base.

## Funding rounds

- Series A, Oct 23, 2024, $18M — Khosla Ventures, GV

## Investors

- Khosla Ventures (https://capitalatlas.ai/funds/khosla-ventures) — Series A
- GV (https://capitalatlas.ai/funds/gv) — Series A