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2026-02-13 23:47:15
[Legal AI Startup Legora Reportedly Plans Funding Round, Valuation Could Rise to $6 Billion] Sources familiar with the matter revealed that legal AI company Legora is in talks for a new funding round, which could boost its valuation to $6 billion, three times the valuation of its previous funding round four months ago. Legora's launch of this funding round comes less than two weeks after AI giant Anthropic launched its legal AI tool. The tool's launch triggered a sharp sell-off in data and legal services stocks, further exacerbating market concerns that the technology would disrupt the industry. This panic-driven sell-off subsequently spread to software, financial services, and asset management sectors, resulting in the loss of hundreds of billions of dollars in market capitalization.
