Leading AI platform Kira Systems will not feature in the latest cohort of tech companies in Allen & Overy (A&O)’s Fuse incubator, making room for more nascent start-ups to enter the Magic Circle firm’s tech space.
In September of last year Kira secured $50m in private equity backing in what was a benchmark for the legal tech sector, while Kira enjoyed year-on-year revenue growth of more than 100% for 2017. Meanwhile Bloomsbury AI, which was purchased for $23m by Facebook in July of last year, has also left Fuse.
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