โ๏ธ Harvey AI Targets $15.5B Valuation in $500M Raise as Legal ARR Hits $350M
Legal AI startup Harvey is in advanced talks to raise $500 million at a $15.5 billion valuation โ a 40% jump from its $11 billion mark just five months ago. The company is now reporting over $350 million in annualized revenue, with ~$300 million of that as ARR, backed by Sequoia, a16z, GIC and others. Legal AI is suddenly a multi-billion-dollar battlefield. Is your law firm ready for an AI co-counsel?
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