Harvey reaches $15.5B valuation with fresh $550M funding

Harvey secured $550M in funding. Diffusion and Lightspeed Venture Partners co-led the transaction at a $15.5B company valuation. This financial backing arrives after the firm unveiled its first post-trained open-weight model and introduced Harvey LAB, titled the Legal Agent Benchmark, which serves to support law firms, in-house counsel, and professional service organizations working to establish and direct their own intelligent systems at scale.

Previous backers Sequoia, Kleiner Perkins, a16z, Coatue, Conviction, Elad Gil, Evantic, GIC, Goldman Sachs Alternatives, Verified Capital, and WNDR put money into the business during this round. New capital entered from Diffusion, Lightspeed, Sapphire Ventures, and Whale Rock.

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Co-founders Winston Weinberg and Gabe Pereyra addressed the funding in an official statement. “The opportunity for companies to accelerate their competitive advantage with AI has never been higher,” the executives stated. “Harvey wants to be the global partner legal teams turn to for this work, and we plan to hire and develop the best team in the space to support our clients through the next wave of AI transformation.”

The platform currently operates across 80% of Am Law 100 law firms and serves corporate legal divisions at five of the Fortune 10 companies.