Legal AI platform Harvey has secured $550 million in new funding, pushing its valuation to $15.5 billion. The latest investment round was co-led by Diffusion and Lightspeed Venture Partners, following closely behind an $11 billion valuation achieved just months prior in March.
This rapid growth brings the company’s total funding past the $1.55 billion mark. The capital infusion arrives shortly after Harvey unveiled its first in-house legal AI model, Harvey Tenet, highlighting a broader shift in the legal sector toward customized, open-weight AI solutions independent of major foundational labs.
- Harvey raises $550 million in new funding
- Company valuation reaches $15.5 billion
- Total funding surpasses $1.55 billion
- Expansion of proprietary legal AI models
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