Legora reaches $5.55 billion valuation as AI legaltech boom endures

AI platform Legora, which assists lawyers with complex cases by building on LLMs like Claude, has achieved a $5.55 billion valuation following a $550 million Series D funding round led by Accel. This growth occurs despite increasing competition from rivals like Harvey (valued at $8 billion) and generalist tools like Microsoft Copilot. Legora, formerly known as Judilica and Leya, has shifted its headquarters to New York after participating in YC's winter 2024 batch, focusing heavily on the U.S. market where its growth has surpassed European expectations. The company is currently used by 800 law firms and plans to expand its U.S. presence by opening new offices in Houston and Chicago, aiming to grow its U.S. team to over 300 employees by the end of 2026. Investors in the Series D round included existing backers like Benchmark and Y Combinator, alongside new participants such as Alkeon Capital and Salesforce Ventures.

(Source：TechCrunch)