Harvey hits $15.5B valuation, months after reaching $11B
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Harvey, the legal AI startup that VCs can’t get enough of, has raised another $550 million in funding, this time at a $15.5 billion valuation, the company announced on Wednesday.
The round was co-led by Diffusion and Lightspeed Venture Partners and follows the previous $200 million round at an $11 billion valuation announced in March . And that was just a few months after an $8 billion valuation from a round in December.
With this latest infusion of capital, the company has raised more than $1.55 billion total and nearly doubled its valuation in about nine months. Like Databricks, the company didn’t name the round , though it has completed at least eight priced rounds since 2023 (five of them since 2025), Pitchbook estimates. Since a couple of those were considered extension rounds, this one could be considered a Series F.
The fresh cash comes a couple of weeks after Harvey announced its first in-house model, Harvey Tenet, built from open-weight model Kimi K3 and post-trained with legal data with the help of inference provider Fireworks (who also helped Cursor train its homegrown model). In addition to offering a model, Harvey is encouraging its customers to adopt and post-train their own open-weight models. So Harvey is quickly becoming an example of how an entire industry — law — can both heavily use AI and not rely on proprietary frontier AI labs like OpenAI and Anthropic.
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