08 December 2023 | Luminance, the pioneer in ‘legal-grade’ AI, has been declared the winner of the sought-after ‘AI Trailblazer’ award at this year’s Tech Trailblazers Awards.

The global awards program focuses on enterprise technology start-ups, recognising technological and commercial innovation and entrepreneurial excellence. The AI category specifically recognises pioneering artificial intelligence companies offering next-generation solutions to companies around the world.

Luminance was crowned ‘AI Trailblazer of the Year’ for its demonstrated innovation and transformative technology that is revolutionising the way that over 600 organisations worldwide conduct core legal processes. In the past year alone, Luminance has brought to life multiple pioneering product developments, including a first-of-its-kind legal-grade AI chatbot, Luminance Self-Serve, which enables non-legal teams to negotiate and amend third party contracts, and Luminance Autopilot - the first AI in the world to automate the entire negotiation of a contract, without human intervention.

This latest award win comes as Luminance continues its path of impressive growth, reporting a 167% increase this year in users for its flagship product, Luminance Corporate, and major customer wins including Emma – The Sleep Company, Koch Industries and Yokogawa.

Eleanor Lightbody, CEO of Luminance, commented: “Innovation is at the heart of everything we do at Luminance, and this fantastic achievement highlights the work of our incredible R&D who continue to push the boundaries of what’s possible with AI, as well as the transformative impact that our technology is having on businesses around the world.”

ENDS

About Luminance

Built on a proprietary legal Large Language Model (LLM), Luminance’s specialised legal co-pilot uses next-generation AI to automate the generation, negotiation and analysis of contracts. Developed by world-leading AI experts, validated by leading lawyers, and in use by over 600 customers in 60 countries, Luminance’s ‘legal-grade’ AI is a key component of any legal team.