Legal AI startup Legora raises 550 million dollars at 8.8 billion valuation

Legal AI startup Legora said on Wednesday it has raised a 550 million dollar Series E round valuing it at 8.8 billion dollars, a month after its main rival Harvey raised the same amount at a 15.5 billion dollar valuation.

Why it matters: Two 550 million dollar rounds in a month put legal AI among the most heavily funded enterprise AI categories, and Legora said its annual recurring revenue has doubled to more than 200 million dollars since April.

Data as of TechCrunch report of October 21, 2026, read in full, reporting Legora's announcement the same day. Single publisher reporting the company's own announcement, so this item is single-sourced and graded C. Developing item.

Legora, which builds AI tools that automate and assist legal workflow tasks, said on Wednesday it has raised 550 million dollars in a Series E round led by Atreides Management, with Baron Capital, Bessemer Venture Partners, General Catalyst and Menlo also investing, at an 8.8 billion dollar valuation, TechCrunch reported. The company said its annual recurring revenue now stands at more than 200 million dollars, up from 100 million dollars when it extended its Series D in April at a 5.6 billion dollar valuation, and that it will use the capital to expand further across North America.

The round lands a month after Harvey, Legora’s biggest competitor, announced its own 550 million dollar raise at a 15.5 billion dollar valuation.

Legal AI startup Legora raises 550 million dollars at 8.8 billion valuation

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