Legal AI start-up Legora is looking to raise funds at a valuation roughly double the $5.6bn it achieved only four months ago in a sign of the intense interest in artificial intelligence companies powering professional services.
Legora is in the early stages of discussions with investors at a valuation of at least $10bn and could include the company raising new money as well as selling existing shares, according to people familiar with the financing.
The Swedish start-up offers lawyers and in-house legal teams tools to review and draft documents, speed up due diligence and keep on top of regulations. Its customers include law firm Linklaters, consultants Deloitte and brewer Heineken.
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