NVIDIA's venture arm, NVentures, participates in Legora D's Series D funding round for AI platform targeting lawyers

According to TechWatch Beating monitoring, reports from TechCrunch indicate that NVIDIA has added another piece to its AI puzzle, with its corporate venture arm, NVentures, investing in Legora, marking its first foray into the legal AI space.

Legora, a Sweden-based legal tech startup, leverages AI to help lawyers boost efficiency and compete with U.S.-based company Harvey.

With participation from Atlassian and other new investors, NVentures has joined Legora's shareholder base in its $50 million Series D extension funding round, which comes just a month after the company's $550 million Series D round.

During this period, Legora, a Y Combinator alum, has surpassed $100 million in annual recurring revenue (ARR), a milestone that has propelled its latest valuation to $5.6 billion (post-money valuation).

This valuation brings Legora closer to Harvey, which hit a valuation of $11 billion last month. Additionally, Andreessen Horowitz, Coatue Management, Conviction Partners, Evantic under Matt Miller, and Kleiner Perkins participated in this funding round.