Legal tech startup Orbital Witness has raised $4 million in a funding round backed by Seedcamp and LocalGlobe. 

Using machine learning, Orbital Witness accelerates the legal due diligence process with an AI-driven platform used to organize property information from HM Land Registry and local authorities, facilitate quick document review, and flag risks automatically to lawyers and underwriters.

Orbital Witness’ platform is allowing it to disrupt the due diligence process in real estate by developing a new “universal risk rating” for property and land. In the UK alone, due diligence costs around $5 billion annually. 

The firm’s platform is used by supermarket giant M&S, Transport for London, and a number of major law firms to reduce time and cost inefficiencies. 

Devin Kohli, co-head at Outward VC, commented: “The Orbital Witness team brings fresh thinking and new ambition to the property risk sector that impressed us from the start.

“Especially now, as many distressed companies face refinancing and restructuring issues, Orbital Witness has proven how it can flag important legal property risks quickly across complex real estate portfolios and assets.”

Check out the firm’s pitch deck below: