Harvey, a legal technology startup, raised $550 million in a new funding round. The round values the company at $15.6 billion. Harvey says the money will fund work on building its own AI models. Lightspeed Venture Partners co-led the round with Diffusion. Diffusion is a new firm cofounded by Kris Fredrickson, a longtime Harvey backer and former Coatue Management investor. Sapphire Ventures and Whale Rock Capital Management also joined. A number of Harvey's existing investors took part as well. Bloomberg reported the round.
- $15.6bn valuation
- $550m round
Sources