Luminance was founded in 2015 by a team of artificial intelligence experts based in Cambridge, backed by Invoke Capital. The revolutionary technology transforms the approach to handling big data. Luminance enables machines to understand language as humans do. This breakthrough reduces repetitive, manual work so that lawyers can focus on adding value. Luminance’s sophisticated algorithms are founded on Bayesian mathematics. It analyses reams of documentation in minutes to identify risk, and presents a total and forensic overview of the dataroom in a visually intuitive manner. The product has been developed in consultation with lawyers and is being used within Magic Circle firms to transform the Due Diligence process. This is the first of many applications for this new technology.