New Delhi, Dec. 10 -- Legal tech is flooded with capital, but even as money pours in, structural roadblocks persist. The sector faces the unglamorous task of making legal data machine-readable through annotation and labelling-before the automation promise can truly be realised.

Legal tech AI firm Legora has raised $150 million in a Series C led by Bessemer Venture Partners, valuing the Stockholm-based company at $1.8 billion.

The fundraise comes amid sharp demand: Legora's customer base has risen from 350 to over 550 in six months, with operations now spanning more than 50 countries. Clients include Linklaters, Goodwin and Cyril Amarchand Mangaldas (CAM), which reports an AI adoption rate above 80%. "We want fewer, more powerful platfor...