Robin AI has been listed for a distressed sale just nine months after it achieved 10th place in The Sunday Times 100 Tech 2025 list. The sale was first reported by financial publication City AM, and its listing on an insolvency marketplace has been seen first hand by Legal IT Insider. The company, which provides a proprietary legal AI platform and managed legal services, says in the listing that it has strong growth with $10m ARR and a $16m pipeline, however the financial highlights suggest that the company has made significant losses over the past three years.
One source told Legal IT Insider that Robin AI very recently sought and failed to achieve funding of $50m, but that its growth levels are “not AI level growth,” observing, “they have too many staff, offices round the world and this year they have lost around £11m.” The company, which has offices in London, New York and Singapore, is still operational and the deadline for final offers to acquire it are 13 November 2025. Robin AI has said the company does not have any comment at this time.
This is a sorry and, to some, ominous turn for a company that in January this year made the Sunday Times 100 Tech list, with annual sales growth over three years of 227.39%. The company, founded in 2019 by former Clifford Chance lawyer Richard Robinson and machine learning researcher James Clough, said in that listing that it grew its US operations six-fold in 2024, helping to boost total sales to £7.7m.
While some in the legal tech market are forecasting that this latest development is a sign that the ‘AI bubble is bursting’, it is likely to be much more complex than that. Robin AI attempted to grow in order to compete with the likes of Harvey and Legora and it’s losses indicated that it has scaled too quickly. There has also been instability in the senior ranks, with Clough departing at the start of this year for startup Encord, and a significant amount of restructuring. The market, as competitive as it currently is, is unforgiving.
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