Legora, a Legal AI platform, has raised a $50 million extension to its Series D financing, bringing the total round to $600 million in equity and valuing the company at $5.6 billion post-money. The extension adds Atlassian and NVentures, NVIDIA’s venture capital arm, as corporate investors, alongside new financial investors including Airtree, Barclays, Geodesic, Insight, Liberty Global, and Nikesh Arora.
The raise follows a period of rapid growth. Legora recently surpassed $100 million in annual recurring revenue, placing it among the fastest-growing enterprise software companies in history. Over the past year, the company scaled from 40 to 400 employees and expanded its customer base from 200 to more than 1,000 organizations across more than 50 markets. The platform now serves tens of thousands of legal professionals at major corporate legal departments including Barclays and leading global law firms including White & Case, HSFK, and Linklaters.
Among law firms surveyed, Legora customers report an average of 4.3 non-billable hours saved per lawyer per week, with 42% reporting new work won as a direct result of using the platform. Corporate legal departments represent one of the company’s fastest-growing segments as in-house teams seek the same AI capabilities their outside counsel are already using.
Legora is positioning itself at the forefront of a broader shift in enterprise AI from software-as-a-service toward what it describes as Agent as a Service, where AI systems move beyond passive assistance to executing workflows autonomously with appropriate human oversight.
KEY QUOTES:
“Enterprise AI is now entering a new phase. Foundation models are improving rapidly, but the real breakthrough is in how they’re applied, where AI doesn’t just assist, but executes autonomously with the right level of human oversight. With the support of our investors and customers, we’re building a full agentic operating system for legal work.”
Max Junestrand, CEO and Co-Founder, Legora
“As a leader in Legal AI, Legora is showing how deeply integrated, context-aware AI can transform complex workflows. We see strong alignment with Atlassian’s vision for AI-powered team collaboration and look forward to supporting their continued expansion.”
Sarah Hughes, Head of Corporate Development and Product Partnerships, Atlassian
