TechnologyAIPrint articlePaul SmithTechnology editorJun 24, 2024 – 11.32amSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginMelbourne artificial intelligence firm Affinda Group has doubled its valuation in 18 months after closing a funding round raised on a pre-money valuation of $120 million. The 12-year-old company, run by brothers Ben and Tim Toner, has racked up major law firms and ASX-listed companies as clients for its document comparison software and document processing platform.Affinda had been self-funded until it raised $12.9 million at a pre-money valuation of $60 million in 2022, and has now raised $10 million more from its investors. Among them is the family office of Toll Group founder Paul Little; Ellerston Capital co-founderAshok Jacob;former MYOB and REA Group CEO Greg Ellis; fund manager Craig Bingham; and Armitage Associatesmanaging director Mark De Ambrosis.Loading...Paul Smithedits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy.Connect withPaulonTwitter.EmailPaulatpsmith@afr.comSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreAIFundingStart-upsVenture capitalSoftwareLegal professionAllensREA GroupMYOBPaul LittleEllerston Global InvestmentsMacquarie GroupASX LimitedSharesFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy end‘We’ll fight’: Alex Waislitz on family battles and bad betsPatrick DurkinJob appointments have never been purely merit-based: CEW chiefWhy this CEO saves creative work for after her periodNew Zealand pops its cork for one of the world’s great wine festivalsMax AllenWhy Hawaii’s data-driven wellness retreat is a haven for high-flyersA last-chance tote bag and a groovy case for trumpetersVictor Smorgon’s star fundie eyes 50pc returns for new fundAlex GluyasForrest family powerbroker had alleged role in big Fortescue decisionsEllison-run garnet mine faces punishment over unsanctioned development