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NVIDIA's NVentures Invests in AI Platform Legora's Series D Extension Funding
According to monitoring by Beating and reported by TechCrunch, NVIDIA has added another piece to its AI puzzle with its corporate venture capital arm NVentures investing in Legora, marking its first investment in the legal AI sector. Legora, a legal tech startup originating from Sweden, utilizes AI to enhance lawyers’ work efficiency and competes with the American company Harvey. With participation from Atlassian and other new investors, NVentures has joined Legora’s shareholder structure, contributing to its $50 million Series D extension funding. This funding round comes just a month after the company completed a $550 million Series D funding round. During this period, Legora, which was part of Y Combinator, has seen its annual recurring revenue (ARR) surpass $100 million, a milestone that has pushed its latest valuation to $5.6 billion (post-financing valuation). This valuation brings Legora closer to Harvey’s level, which reached a valuation of $11 billion last month. Additionally, Andreessen Horowitz, Coatue Management, Conviction Partners, Elad Gil, Evantic under Matt Miller, and Kleiner Perkins also participated in this funding round.