Harvey, the authorized AI startup that VCs can’t get sufficient of, has raised one other $550 million in funding, this time at a $15.5 billion valuation, the corporate announced on Wednesday.
The spherical was co-led by Diffusion and Lightspeed Enterprise Companions and follows the earlier $200 million spherical at an $11 billion valuation announced in March. And that was just some months after an $8 billion valuation from a spherical in December.
With this newest infusion of capital, the corporate has raised greater than $1.55 billion whole and almost doubled its valuation in about 9 months. Like Databricks, the company didn’t name the round, although it has accomplished no less than eight priced rounds since 2023 (5 of them since 2025), Pitchbook estimates. Since a few these have been thought of extension rounds, this one could possibly be thought of a Collection F.
The contemporary money comes a few weeks after Harvey announced its first in-house model, Harvey Tenet, constructed from open-weight mannequin Kimi K3 and post-trained with authorized knowledge with the assistance of inference supplier Fireworks (who additionally helped Cursor practice its homegrown mannequin). Along with providing a mannequin, Harvey is encouraging its clients to undertake and post-train their very own open-weight fashions. So Harvey is rapidly changing into an instance of how a complete trade — regulation — can each closely use AI and never depend on proprietary frontier AI labs like OpenAI and Anthropic.