Slaughter and May secures 5% stake in Luminance AI technology

Slaughter and May has secured a 5 per cent stake in AI technology Luminance, a company which recently claimed a valuation of $20m. The valuation followed a funding round supported by Invoke Capital and Talis Capital. Slaughters partners received a share of the firm’s stake in Luminance in return for their efforts in creating and developing the platform. A firm spokesperson said Slaughters is open about its investment in Luminance and its partners’ equity stake in the company. Several firms have engaged AI technology recently, including Bird & Bird, Linklaters, Allen & Overy, Baker McKenzie, Freshfields Bruckhaus Deringer and Clifford Chance.

Slaughter and May secures 5% stake in Luminance AI technology legalbusiness.co.uk legalbusiness.co.uk Mon, Apr 3, 2017

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Linklaters LLP Freshfields Bruckhaus Deringer LLP Baker & McKenzie Allen & Overy LLP Slaughter and May Clifford Chance LLP Bird & Bird

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Linklaters Invoke Capital Freshfields Bruckhaus Deringer Clifford Chance Bird & Bird Baker McKenzie Allen & Overy AI Luminance Slaughter and May Talis Capital
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