Goldman Sachs is backing a London startup using AI to read complex legal documents

Artificial intelligence startup Eigen Technologies has raised £13 million from Goldman Sachs Principal Strategic Investments and Singapore's state investment fund Temasek. London-based Eigen uses artificial intelligence technology to read legal and financial documents, making it easier for lawyers and bankers to analyse complex contracts -- everything from derivatives to land deeds -- and find specific clauses. Goldman Sachs is a customer, as are Linklaters, Evercore, and ING. Eigen's cofounder and CEO Dr. Lewis Z. Liu, who was featured on Business Insider's UK Fintech 35 under 35, said in a statement: "Three and a half years ago we set out to be a truly unique AI company, one that allows our clients to harness the power of their qualitative data to make better decisions. This Series A round underlines our ambitions and is the next major step in our expansion plan.