Friday, 23 June 2023

Neotribe-backed ThirdAI joins hands with legaltech startup Lumenci to bring LLMs to IP & Legal Process Automation

India, June 23, 2023 – Lumenci, a leading technology consulting and analytics firm specialising in the legal and Intellectual Property (IP) space, has recently announced a strategic partnership with ThirdAI, an artificial intelligence startup creating scalable and sustainable AI along with Large Language Models (LLMs). This alliance aims to advance IP and legal process automation, revolutionising the way legal teams operate.

Legal processes often involve a significant amount of text and documentation, presenting challenges in terms of time management and efficiency. The collaboration between Lumenci and ThirdAI seeks to address these challenges by harnessing the power of LLMs and generative AI technologies. LLMs possess the unique ability to process vast volumes of information, enabling faster and more actionable insights. This breakthrough technology has the potential to streamline legal document review, drafting, and data analytics, resulting in improved time management and increased operational efficiency for legal teams.

"We are pleased to announce our strategic partnership with ThirdAI, a prominent leader in large language models (LLMs) for enterprise applications," stated Harish Daiya, CEO of Lumenci. "This collaboration represents a significant step forward for our industry, where innovation and progress are highly valued. By leveraging ThirdAI's cutting-edge LLMs, we aim to bring about meaningful transformations in legal document review, drafting, and data analytics. This integration has the potential to optimise the efficiency of legal teams and enhance their operational capabilities. With a steadfast commitment to preserving privacy and maintaining confidentiality, we remain dedicated to providing exceptional value to our esteemed attorney customers."

Anshumali Shrivastava, the Founder & CEO of ThirdAIadded, "ThirdAI is thrilled to join forces with Lumenci to make AI accessible to the legal ecosystem. Lumenci’s domain expertise in the legal and IP space, its customer-centric approach, and its mission to enhance IP and legal processes align perfectly with our core vision of making AI accessible to everyone.”

Lumenci has a track record of having generated over 10,000 Evidence of Use (EoU) documents and conducting more than 1,000 product reverse engineering projects. They have achieved success in closing over 200 deals and handling 175+ litigations across various jurisdictions, including India, South East Asia, the USA, Europe, and Brazil. Lumenci has provided invaluable support to over 70 law firms, establishing themselves as trusted partners in the industry

About Lumenci: Lumenci is a prominent full-service technology consulting firm focusing strongly on the legal and IP sectors. Leveraging its domain expertise and automation capabilities through large language models (LLMs), Lumenci generates significant value for legal and IP departments.  With offices in Austin, the Bay Area, New York, and Gurugram, India, Lumenci serves a diverse client base across the United States and abroad.

About ThirdAi: ThirdAI is on a mission to democratise sophisticated large language models (LLMs) and other cutting-edge AI technologies. Their goal is to build customised, private AI models trained on commodity hardware, offering ultra-low latency inference capabilities to every organisation. ThirdAI’s technology has applications in search, recommendations, chatbots, virtual assistants, sentiment analysis, graph neural networks, and more. By partnering with Lumenci, ThirdAI extends its mission to make AI accessible to the legal industry, revolutionising how legal processes are handled and enabling legal teams to operate more efficiently.

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