Getting from $1M to $100M in ARR took us 18 months. The second hundred took less than six. Last week @WeAreLegora passed $200M. 130,000 lawyers now use Legora on a monthly basis, across 2,100 firms and legal teams in more than 80 countries. Two things from this year I would not have predicted: The first is how fast the US moved. 18 months ago we had no office in North America. Today over half of the AmLaw 50 work with us, out of our offices in New York, Denver, Chicago, Houston, San Francisco and Toronto. The US is our largest market by revenue. The second is where the demand is coming from. More than 40% of our new customers are now in-house legal teams, including Air Canada, Salesforce and Palo Alto Networks. Two thank-yous, before we get back to work. To our customers, who backed a small company from Stockholm with a lot to prove, and who still tell us plainly when we get something wrong. And to the team, engineers and lawyers sitting next to each other, who turn that into something better, faster than any group I have worked with.

Token volume on @vercel AI Gateway has averaged double-digit weekly growth for 8 straight weeks. Last week it accelerated to +24.8%. It’s almost inconceivable. Infinite demand of intelligence.

Five numbers tell you whether an AI business is a real business. Gross retention.@WeAreLegora is 95%. Customers who bought last year are still here this year. If this one is broken, nothing downstream matters. NRR. Ours is 300%+. Gross retention is the floor. NRR is how much taller customers build on top of it. We don't sell shelf-ware.  DAU/MAU. Ours is north of 50%, and the average active user spends 17 hours a month in the product. A rollout tells you a firm has signed. This indicates the work actually matters, and it moves here before it appears in retention or NRR. Win-rates. Our August pilot closed-won-win rate was 78%. Winning roughly 4 out of 5 competitive pilots is downstream from offering a superior product. Gross margin. The one that matters most. Ours is positive and improving every quarter. Our customers want Legora to be a long-term partner, and this is what makes that possible. There's a shorter route: Price below what it costs to serve, book the logo, and hop on a never-ending fundraise treadmill to pay for it. The top line goes up, everyone claps, and every new customer costs more than they pay. Scaling a negative margin only exaggerates the problem. The whole point of scale is that the margin improves as you go up. Ours does. That's the only version of this business worth building.

Launching global financial services used to take a decade. Now it takes a single integration.

Incredible momentum @WeAreLegora 🚀🚀

Huge congrats to @nicckopp and the fantastic team @RilletHQ on their $100M Series C! We’re grateful for the opportunity to partner on the journey ahead. Accounting is a large, mission-critical function, yet many of the core ERP systems that power it were built for a different era. AI is fundamentally changing how finance teams operate and creating an opportunity to reimagine the ERP from the ground up, with agents performing complex work while finance teams retain visibility and control. And Rillet is emerging as the clear leader in this new paradigm. 600+ customers, new ARR doubling last quarter, AI agent usage growing 70% each month, and enterprises moving off legacy platforms like Oracle, SAP and Workday. The momentum is impressive, but we’re even more excited about the incredible team behind it. Nic and the Rillet team have a rare combination of ambition, product velocity and deep customer empathy. Congrats to the entire team on a huge milestone. Excited for everything ahead! cc: @amishjani @vverawang @FirstMarkCap

From the @brexHQ benchmark: @daytonaio is among the top 25 fastest-growing startups this summer. More than half of the companies on the list are building ai infra.

Thx to everyone who made it an awesome wknd! Rain scoped cards are game changing for agentic payments + controlling where, when and how agents transact

Incredible to see @raincards powering Western Union’s Stablecard! Western Union moves more than $100B a year to over 100M customers. Now customers can receive remittances in USDPT (Western Union’s stablecoin) and spend them instantly anywhere Visa is accepted. This is a massive step toward making remittances more capital efficient and accessible. Huge congrats to @rooqster, @cnaut and the @raincards team!

EXCLUSIVE: Henry AI has raised a $16.5M Series A led by FirstMark. Used by 150 commercial real estate brokerages to generate decks, the NYC startup is launching a new product, Henry Deal, to automate underwriting. "We're at the forefront of what I call the hard part of AI."

We just wrapped a massive Q2 at @WeAreLegora . We blew past our ARR goal and posted north of 50% QoQ growth for the second straight quarter this year. One rep closed more than $4M in new business. Eight reps closed more than $2M each. Average quota attainment across the team is the highest I've seen in my career. And we crossed 1,500 customers. But closing new business is the easy part to celebrate. What matters more is whether customers get real value and stay. So the number I'm proudest of: since we rolled out the Legora agentic OS a month ago, every usage metric has climbed. DAU/MAU, one of our core engagement measures, is 13 points higher for customers using the agent and well above 50% overall. The aOS is changing how legal work gets done, and the data backs it up. When retention and growth move together like this, you lean in. We've raised our full-year top-line forecast by nearly 30%. Buckling up for an epic second half. Thank you to the team and to our customers for betting on us.

Let’s gooo!! 🏎️

You can just ship things. Live at @vercel Ship NYC! @vverawang

How to keep AI spend flat while token usage grows exponentially: Not with friction and spend alerts. With better defaults, routing, and caching. Better Defaults (not Usage Caps) – Engineers can choose any model they want, but defaults matter. We’re experimenting with defaulting to open weight models like GLM 5.2 and Kimi 2.7 through our LLM gateway, while still encouraging engineers to choose the right model for the task. 91% of our employees were never hitting their usage caps, so instead of lowering caps and driving up alerts, we're moving to cheaper defaults. Note that code reviews use a diversity of models, so they can check each other's work. Better Routing – In our custom harnesses, we preprocess prompts and route to the best model for the job, considering cache hits and model pricing. For instance, you may want a frontier model for planning, but not for execution where they can be overkill. Ultimately, humans shouldn't be choosing models - AI can automate this task. Better Caching – Cache misses are the easiest way to drive your cost up. All of our requests are cache aware, so we’re reusing a warm cache wherever possible. For example, our cache hit rate went from 5% → 60% in LibreChat once properly implemented. Keep Context Lean – Start fresh sessions when switching tasks. Scope file context narrowly. Disconnect unused tools. Don't just compact. The goal isn't fewer tokens used, it's fewer tokens wasted. Better Visibility – Our engineers can use as many tokens as they want, from whatever model they want, but we’ve made usage visible – and the more you spend on AI, the more impact we expect. The goal isn't to suppress usage. It's to build the infrastructure that makes exponential growth sustainable. Putting this into practice has cut our AI spend nearly in half, while our token usage continues to grow.

Partnered with @firstmarkcap on their Guilds Summit. Some takeaways👇🏼 @anjsud CEO @tubi x @amishjani 1. The best CEOs aren’t the experts on everything. They hire experts, give them ownership, expect it back and get out of the way. 2. “Never waste a good crisis”, that’s often when the biggest leaps happen. @davidneckstein CFO @wearelegora x @abimbhet 1. The best fundraising rounds optimize for value add, not valuation (yes their investors are actually getting them customers). 2. AI is pushing CFOs out of spreadsheet management and deeper into driving revenue growth. Li Fan CTO @circle x @amankabeer11 1. The opportunity is bigger than agentic payments, it’s the agentic economy (there’s an entire stack that involves things besides payments). 2. Winning won’t come from forcing every workflow to go headless but from finding where agents create enough value to earn the right to transact. (It’s still early and no one has cracked it yet). Thank you @mrbenwinn for hosting and leading a phenomenal production. @airwallex is proud to facilitate bringing the best forward to share how they build.

Most onchain exploits happen after deployment, not before. That's what @guardrailai was built to solve. Rain has been a customer. Today we're bringing the team in-house. Welcome to the newest Rainmakers! rain.xyz/resources/behind-th…

Lets go!!

Introducing Rewards. It's the first onchain rewards program native to a card issuing stack. Partners can offer the same caliber of rewards as traditional programs, plus capabilities those programs can't match. When a user swipes their card, points are minted onchain once the transaction is final. The partner defines the program: the points branding, earn rates, and redemption options. And because the points live onchain, programs can interoperate. Think users gifting points to a friend, or two programs honoring each other's points. This launch builds on our acquisition of Uptop last November, whose technology already powers loyalty programs for the Cleveland Cavaliers and Detroit Pistons. Built into the same infrastructure our partners use today. Great work by @BasriRoss and the @uptop_xyz team on this release!

Agents are already transacting with stablecoins on Rain. Today we're rolling out the Agent Control Layer. It lets businesses define exactly where, when, and how much an agent can spend, enforced at the infrastructure level.

Vercel is partnering with and integrating Shopify. Starting with @v0, you can now prompt a Next.js + Shopify store in seconds. The old tradeoff was “easy monolith” or “costly headless”. No more. Easy @nextjs Shopify storefronts with no scale or sophistication ceiling.