Legora reaches $5.55 billion valuation as AI legaltech boom endures

Legora, an AI platform for lawyers built primarily on Anthropic's Claude, has raised a $550 million Series D led by Accel, pushing its valuation to $5.55 billion. The round comes just months after its $150 million Series C at a $1.8 billion valuation. The company serves 800 law firms and legal teams, has grown from 40 to 400 employees in a year, and is aggressively expanding in the U.S. market. Competitor Harvey is already valued at $8 billion and reportedly seeking to raise at $11 billion, signaling a broader AI legaltech investment boom. Legora plans to open offices in Houston and Chicago and grow to 300+ U.S. employees by end of 2026.