Legora raises $550 million at $8.8 billion valuation

Legora has raised $550 million in a Series E funding round that values the legal artificial intelligence company at $8.8 billion. Atreides Management led the financing, which the company says will support international expansion and further development of its legal software platform. Legora said it plans to expand across North America, Europe and Asia-Pacific while investing in Legora aOS, its platform for legal workflows using AI agents. The company has described tools for research, monitoring legal changes and handling incoming requests as part of its product offering. The Stockholm-based company reported that annual recurring revenue has exceeded $200 million. Legora said it grew from $1 million to $100 million in annual recurring revenue in less than 18 months, then added another $100 million in less than six months. Those operating figures are company-reported. Legora says its software is used by more than 140,000 legal professionals across over 2,400 law firms and in-house legal teams in more than 80 markets. It also reported that in-house legal teams accounted for more than 40% of new customers in the third quarter. The company said the United States is its largest...