Legal AI startup Legora is reportedly planning to raise funds, with a valuation potentially increasing to $6 billion.

According to informed sources, the legal artificial intelligence company Legora is currently in talks for a new round of financing, which may increase its valuation to $6 billion, three times higher than its valuation from the previous round of financing four months ago. Legora initiated the financing shortly after the artificial intelligence giant Anthropic released a legal AI tool less than two weeks ago. The launch of this tool triggered a widespread sell-off of data and legal services stocks, intensifying concerns in the market about the potential disruption of the industry by related technologies. This wave of panic-driven selling subsequently spread to the software, financial services, and asset management sectors, causing the evaporation of billions of dollars in market value.