AI LegalTech startup Robin AI had approximately $4.6m in cash as of June 2025, according to documents reviewed by Pathfounders, and circulating widely in venture capital circles. It had raised a total of $68.4 million in venture funding to date. Neither the company nor its investors responded to requests for comment by the time of publication.
Multiple media outlets have reported that Robin AI — which has a proprietary legal AI platform and offers managed legal services — is being marketed for a potential sale following an alleged $50m funding round that did not complete, and after reported staff reductions in London and New York.
With up to 200 roles potentially affected, the company is said to be exploring strategic options, according to industry sources.
A document seen by Pathfounders shows the company is being marketed for “accelerated disposal” by RSM UK Restructuring Advisory LLP under the name “Project Hoodie”.
It describes Robin AI as having “strong growth” with “$10m+ ARR and a $16m+ pipeline”. The document adds that final offers for the business are due by 13 November 2025. The same document notes operating losses over the past three years.
Robin AI has previously been backed by investors including Temasek Holdings, Episode 1, Plural Platform, and Revolut co-founder Nik Storonsky.