Vertical AI draws major funding and strategic acquisitions

Legora raised $550M at an $8.8B valuation, with reported ARR above $200M, while Itaú agreed to acquire NeoSpace for about $589M, subject to regulatory approval. Guidewire’s agreement to buy Hyperexponential for $1.7B cash plus up to $400M contingent on revenue targets adds a major insurance-AI exit and shows incumbents buying vertical AI capabilities.