Legal AI startup Legora hits $100 million in annual recurring revenue

Martynas Justinevicius for BI

• Legal AI startup Legora says it's reached $100 million in annual recurring revenue.
• The metric helps explain why investors just priced the startup at $5.55 billion in a new financing.
• Law firms are pouring money into AI tools that promise to reshape how lawyers work.

Legora, the Swedish startup chasing Harvey's lead in selling artificial intelligence software to law firms, has hit $100 million in annual recurring revenue, a milestone...