Legal AI startup Legora hits $5.6B valuation and its battle with Harvey just got hotter | TechCrunch
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. Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Matt Miller's Evantic, and Kleiner Perkins also participated in that round. Legora, too, is backed by high-profile VCs, but it puts even more emphasis on the big names it secured as clients, such as Bird & Bird, Cleary Gottlieb, and Linklaters. According to the company, the platform it launched only 18 months ago is now used by more than 1,000 law firms and in-house legal teams across 50 markets. Harvey has game in that area too. It claims 100,000 lawyers across 1,300 organizations as customers, ranging from global law firms like Hengeler Mueller and Latham & Watkins to corporate legal teams at companies like T-Mobile and Bridgewater. With global leadership as the end goal, the Harvey v. Legora rivalry is one they intend to play on each other's home turf. Legora has opened multiple...
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