Luminance, an early pioneer in legal AI and now with a focus on LLMs as well, is opening a base in Dallas, Texas, ‘to meet increasing US customer demand’. The move follows a recent expansion of the company’s New York base and hires in San Francisco and Canada.
Founded by the late Mike Lynch, and first trialled with leading UK firm Slaughter and May in 2016, the company said it had ‘achieved over 5x ARR growth in the past two years and saw a 225% increase in US customers adopting its flagship product, Luminance Corporate, since January 2023’.
Today, the company’s customer base spans ‘700+ organizations in 70+ countries, from technology giants such as AMD and Hitachi, to food and beverage businesses including AB InBev and Panda Express, pharmaceutical giant LG Chem, and global manufacturers Koch Industries and Yokogawa’, they added.
Luminance’s strategic growth in the US has been boosted by its recent $40m Series B funding round, they also noted.
Eleanor Lightbody, CEO of Luminance, said: ‘Our recent financing is a testament to the strength of our technology…..To date, Luminance has organically captured market share in the U.S. Now, we are doubling down in Dallas and New York as just the first steps of our US expansion, enabling us to better serve existing customers and bring our specialized, proprietary AI to more organizations worldwide.’
Why Texas you may ask? Well, why not?
Texas has plenty of companies with large bases there, including: Dell, Oracle, American Airlines, Tesla, as well as ExxonMobil and many other petrochemical businesses.
Overall, it’s a clear sign that Luminance’s US strategy is working.