Chetan Puttagunta

Legal professionals are moving from assistive to agentic AI, and @WeAreLegora is firing on all cylinders as a result. Coming off the strongest quarter in our history, we reached new highs in October. On the business side: - YoY top line growth was more than 6x, and October was the best pipeline month in Legora’s history, up 50%+ vs. last quarter-opening month. - The number of new customers added grew 20%+ vs. the last quarter-opening month. Legora now has more than 2,600 customers across 80+ markets. - Gross margin was up more than 10 points MoM. - @JonesDay, @HoganLovells, @Littler, @BMWGroup and @Loyens_Loeff chose Legora. - We raised $550 million at an $8.8 billion valuation, in a round led by @GavinSBaker at @Atreidesmgmt with participation from @Fidelity, @CapitalGroup, @BaronCapital, @GladeBrookCap, @jpmorgan,@MenloVentures, @benchmark, @Accel, @generalcatalyst, @Redpoint, @BessemerVP, @ICONIQCapital and others. Product momentum: - Big improvements in Agent quality and reliability, which is translating to MAU platform usage of ~20 hours per month - Launched Ontological Legal research: Comprehensive legal data built on an ontology of law, with an AI-native citator that checks authority is current and binding. - Launched Skills: Reusable instructions for the Legora Agent, with 250+ pre-built and the option to build your own. - Launched Intake: A front door for in-house teams that turns business requests into tracked work, with a first draft from the Agent. Personal highlight: I grew up in New York and visited the @Guggenheim often as a kid. Returning this month to host Precedent New York, Legora’s flagship global summit, with 250 legal leaders in the room was surreal. The same building, but a very different reason for being there. Thank you to our customers for trusting us as partners, and to the entire Legora team for the relentless work behind this record-breaking month. October belongs to all of you. Let’s get to work.

Q3 2026 was the strongest quarter in @WeAreLegora's history. By the numbers: $200M+ ARR, crossed in September 2,300+ customers across 80 countries, with 800 new customers added during Q3 40%+ of new business from in-house legal teams We added more ARR this quarter than our total ARR exiting 2025 We shipped improvements to our harness, reducing credit consumption tied to LLM costs on the Agent by ~25% while improving the response quality Product: Q3 opened with our biggest-ever release: Legora Agent, Monitors, and Lists reaching general availability in June. From there: AI-native Legal Research launched @imanageinc MCP integration and expanded file handling went live Legora on Salesforce AgentExchange and Legora inside ChatGPT (via @OpenAI for Law) shipped in the final weeks Those releases are compounding inside the product: Daily active users spend 2+ hours a day on the platform Legal research searches per task have doubled The average search reads 2x more documents We also closed our fifth acquisition of 2026: Wexler, the London-based fact intelligence platform, now forming the factual foundation of Legora's agentic workflows. New Q3 customers included: @PaloAltoNtwks @salesforce @bradleylegal @DanskeBank_UK @SPGlobal @FaskenLaw Thank you to every Legora team member and every customer who bet on us. We intend to earn that trust every day. More soon.

You may have heard that Legora has surpassed $200M in ARR at positive gross margins. Here is the other half of the story: what happens after customers are on the platform. Usage has to map to value, and efficiency gains must show up for customers. Most credit consumption on @WeAreLegora comes from two areas: LLM usage and document processing. In August, we significantly improved our Agent harness, LLM routing, and orchestration. Credits tied to LLM usage on Agent dropped by roughly 25%, with response quality improving. In September, we rebuilt how Legora ingests and processes documents. The work now uses ~25% fewer credits while maintaining quality. Those two changes have reduced credit consumption for the same work by more than 20% since August. Consumption-based customers can now do the same work for fewer credits. Next, we are working on additional harness and routing improvements, as well as more efficient document processing. As we find efficiency gains, our goal is to keep passing them back to consumption-based customers. Legora is building a long-term company to support legal teams for decades to come. Our strong financial health makes that all possible. That includes a pricing model that gives back to our customers.