Legal AI startup Harvey raised $550 million in a funding round co-led by Lightspeed Venture Partners and Diffusion, reaching a $15.6 billion valuation. The round brings Harvey’s total funding to more than $1.5 billion since its 2022 founding, with annual recurring revenue now exceeding $400 million. The company serves more than 3,000 organizations, including roughly 80% of Am Law 100 firms and several Fortune 10 companies, and plans to use the funds to build its own proprietary AI models.
