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Harvey reaches $15.5 billion valuation after securing $550 million in new funding

Legal AI startup Harvey raised fresh capital from Diffusion and Lightspeed, TechCrunch reports.

The short version

  • Harvey secured $550 million in a new funding round co-led by Diffusion and Lightspeed Venture Partners, reaching a $15.5 billion valuation.[TechCrunch]
  • The round increases Harvey's total raised capital past $1.55 billion across at least eight priced rounds since 2023.[TechCrunch]
  • The valuation jump follows an $11 billion valuation in March and the introduction of the startup's first in-house model, Harvey Tenet.[TechCrunch]

Key facts

  • Harvey raised $550 million in new financing co-led by Diffusion and Lightspeed Venture Partners at a $15.5 billion valuation.[TechCrunch]
  • Harvey was previously valued at $11 billion in March following a $200 million round and $8 billion in December.[TechCrunch]
  • Total funding raised by Harvey has exceeded $1.55 billion, spanning at least eight priced rounds since 2023 per PitchBook estimates.[TechCrunch]
  • The company recently announced Harvey Tenet, its first in-house model constructed using the open-weight model Kimi K3.[TechCrunch]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.