Co-founder Max Junestrand, a 25-year-old Swede, says the company is gaining ground on Harvey, with fewer employees and less spend. The company has seen fast growth. In December 2025, Legora added $7 million in additional annual recurring revenue in 24 hours, more than the company’s total combined ARR in 2023 and 2024.\u00a0He recently told Business Insider<\/a> that ARR is now at the $100 million level.<\/p>\n Legora has raised $866 million from investors including Bessemer Venture Partners, ICONIQ Capital and General Catalyst, and over $600 million in under 12 months, at an implied valuation of roughly $6 billion. Nvidia recently became an investor<\/a> in a $50 million extension of Legora’s Series D<\/a>, the first time the chip giant has in invested in a legal AI startup. <\/p>\n “Over the past year, the pace of adoption in the U.S. has exceeded our expectations,” Junestrand said at the time of Nvidia announcement. “Enterprise AI is now entering a new phase,” he added.<\/p>\n More coverage of the 2026 CNBC Disruptor 50<\/p>\n Legora’s platform handles document review, contract drafting, and legal research \u2014 tasks that can take lawyers days or weeks.<\/p>\n One challenge facing all legal AI platforms is accuracy. Hallucinations, where AI models make up plausible but fabricated citations or case references, are a huge liability in legal work. In 2023, two New York lawyers were fined $5,000 after they submitted a legal brief that included six fake case citations that were created by ChatGPT, and those types of AI issues continue to crop up in the legal industry today, all the way to the level of the most elite law firms<\/a> in the country.\u00a0\u00a0<\/p>\n One way to reduce the risk of this happening is to connect the AI model to a body of legal material, such as case law and treatises. The model can still misread or overlook content, but it makes wholesale fabrication less likely. The challenge is that legal data isn’t easy to come by. Federal courts charge by the page for filings while older state court records may be offline.\u00a0\u00a0<\/p>\n One way Legora is solving this challenge is through acquisitions, which it began making this year with a deal for Canadian legal agentic AI Walter<\/a>, and has quickly added to. In April, it bought Qura, a Swedish legal research startup. In May, it acquired Graceview, a regulatory intelligence platform. Both of the latter moves expand Legora’s access to legal data.\u00a0<\/p>\n In November, Legora launched Portal, a platform designed to replace email as the default channel between law firms and in-house legal teams. Portal adds live document editing and secure file sharing to Legora’s AI workflow tools. The product targets a persistent inefficiency in the legal profession: much legal work is still coordinated over email chains, with documents bouncing back and forth across inboxes.\u00a0<\/p>\n The company opened its first U.S. office in New York in March 2025 as it places a greater emphasis on expanding in the U.S. as well as other markets (it recently debuted an ad campaign with British actor Jude Law<\/a>). In January, it hired David Eckstein as CFO, who previously held the same role at fellow Disruptor Vanta<\/a> and Menlo Security.<\/p>\n![\"Nvidia](\"https:\/\/www.europesays.com\/ai\/wp-content\/uploads\/2026\/05\/108299751-17775376791777537676-45608008537-1080pnbcnews.jpg\")
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