Legal AI startup Legora raises $550 million to speed up US expansion


FILE PHOTO: AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration created on June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

COPENHAGEN, March 10 (Reuters) - ⁠Sweden-based legal AI startup Legora said on ⁠Tuesday it had raised $550 million at a $5.55 ‌billion valuation in a Series D funding round to accelerate its expansion across the United States.

"Over the past year, ​the pace of adoption in the ⁠U.S. has exceeded ⁠our expectations, as leading firms and in-house teams move ⁠decisively ‌from experimentation to embedding AI across their organisations," Legora CEO Max Junestrand said ⁠in a statement.

(Reporting by Louise Rasmussen, editing by Kirsten Donovan)

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