Legora, an artificial intelligence platform designed for legal professionals, has raised $550 million in a Series D funding round, bringing the company’s valuation to $5.55 billion as it accelerates expansion in the United States. The investment round was led by Accel, with participation from existing investors including Benchmark, Bessemer, General Catalyst, ICONIQ, Redpoint Ventures, and Y Combinator, alongside new backers such as Alkeon Capital, Bain Capital, Firstmark Capital, Menlo Ventures, Salesforce Ventures, Sands Capital, and Starwood Capital.
The company’s platform is built on large language models, primarily Anthropic’s Claude, and is designed to support lawyers working on complex legal matters by embedding AI tools directly into professional workflows. According to CEO Max Junestrand, the platform is positioned to assist legal teams rather than replace legal expertise.
Legora reported that its AI software is now used by 800 law firms and legal teams worldwide. Following participation in Y Combinator’s Winter 2024 batch, the company moved its headquarters to New York and is expanding its global presence, with offices in Stockholm, Bangalore, London, Sydney, and planned new locations in Houston and Chicagoas it scales its U.S. operations.
Featured image: Credit: Legora
