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Legora CEO calls software sovereignty an excuse not to compete globally

AI summary

Legora co-founder and CEO Max Junestrand said at the Wave by Vento event in Turin that talk of "sovereignty" in enterprise applications, consumer apps or the software layer is often an excuse for companies not bold enough to compete globally, since software's market is global. Sovereignty matters for energy, defence and infrastructure, he said, but buyers of enterprise software have offices in Europe, the US and Asia, so a sovereign product "doesn't really make any sense at all" for them. He also argued legal AI will end up with one worldwide winner, and said Legora went from about $1m in revenue to $100m in under 18 months, then to $200m in under six more, with $300m next.

In-depth insight

Whether Europe should pursue "sovereignty" in software and models is becoming a dividing line for the region's AI startups.

LegoraMax JunestrandGeneral Catalyst

Original · 3 min readRead the original
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