Legal AI company Harvey has raised $550 million at a $15.5 billion valuation in a funding round co-led by Diffusion and Lightspeed Venture Partners.
Existing investors Sequoia, Kleiner Perkins, a16z, Coatue, Conviction, Elad Gil, Evantic, GIC, Goldman Sachs Alternatives, Verified Capital and WNDR participated in the round, alongside new investors Diffusion, Lightspeed, Sapphire Ventures and Whale Rock.
Harvey said the funding will support its next phase of growth across law firms, in-house legal teams and professional services firms. The raise follows the introduction of the company’s first post-trained open-weight model and the launch of Harvey LAB, its Legal Agent Benchmark.
“The opportunity for companies to accelerate their competitive advantage with AI has never been higher. Harvey wants to be the global partner legal teams turn to for this work, and we plan to hire and develop the best team in the space to support our clients through the next wave of AI transformation,” said Harvey co-founders Winston Weinberg and Gabe Pereyra.
Source: Harvey
Read the full article: https://www.lexroom.ai/en/blog/legal-ai-in-europe-lexroom-enters-france-and-bulgaria-with-its-first-acquisitions
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