Legal tech startup Wordsmith AI has reached a valuation of more than $100 million just 18 months after its launch — a milestone it claims is the fastest ever for a Scottish-founded technology company.
The Edinburgh-based firm, which has developed an AI platform to automate and streamline legal operations, secured the valuation following a $25 million Series A funding round led by Index Ventures. Scottish Enterprise also participated in the investment.
Founded in 2023 by Ross McNairn, Volodymyr Giginiak and Robbie Falkenthal, Wordsmith AI has already signed up hundreds of corporate clients, including Trustpilot, Deliveroo and edtech firm Multiverse. Its software acts as an “air traffic control” system for legal teams, deploying fleets of trained AI agents to handle tasks such as processing queries, reviewing documents and managing compliance workflows.
“This is about building a generational technology company from a base in Scotland,” said CEO McNairn. “While we are the fastest-ever Scottish startup to reach a valuation of over $100 million, what’s more important is that we’re helping to build an AI ecosystem here.”
Wordsmith is now preparing to open offices in London and New York later this year to support its international expansion.
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