Legal AI startup Legora hits $5.6 valuation and its battle with Harvey just got hotter | TechCrunch

Image for article Legal AI startup Legora hits $5.6 valuation and its battle with Harvey just got hotter | TechCrunch
News Source : TechCrunch

News Summary

  • Legora, the Swedish-born legal tech startup, is competing with U.S. player Harvey.
  • NVentures, its corporate VC fund, has backed Legora, reportedly its first legal AI investment.
  • This brings Legora’s valuation just a tad closer to Harvey's, which reached $11 billion last month when Sequoia tripled down on its investment.
  • Legora's platform is now used by more than 1,000 law firms and in-house legal teams across 50 markets.
Nvidia has laid a new brick in its AI empire. NVentures, its corporate VC fund, has backed Legora, reportedly its first legal AI investment.Leveraging AI to help lawyers streamline their work, the [+2987 chars]

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