Legal AI startup Harvey secures $550m funding, reaching $15.5bn valuation
UKPulse News Desk
Legal AI startup Harvey has raised an additional $550 million in funding, bringing its valuation to $15.5 billion. This follows a previous $200 million round in March at an $11 billion valuation.
- Harvey has secured $550 million in new funding, valuing the company at $15.5 billion.
- The company's valuation has nearly doubled in approximately nine months.
- Harvey recently launched its in-house model, Harvey Tenet, built from the Kimi K3 open-weight model.
Legal AI startup Harvey has announced it has raised another $550 million in funding, achieving a $15.5 billion valuation. This funding round was co-led by Diffusion and Lightspeed Venture Partners.
The latest capital infusion follows a $200 million funding round in March, which valued the company at $11 billion. Harvey's valuation has nearly doubled in about nine months, with the company having raised over $1.55 billion in total.
A few weeks prior to this announcement, Harvey introduced its first in-house model, Harvey Tenet. This model was built from the open-weight model Kimi K3 and post-trained using legal data with assistance from inference provider Fireworks.
Why this matters: Harvey is becoming an example of how the legal industry can utilise AI without relying on proprietary frontier AI labs.