What happened
Legal AI startup Harvey is reportedly raising 500 million dollars in new funding. The proposed deal would value the company at 15.5 billion dollars. Reports cite sources familiar with the fundraising discussions. Harvey has not officially confirmed the round or its terms.
The context
Harvey builds specialized AI software for law firms and corporate legal departments. Investors continue to put large capital into domain-specific AI applications. This round would mark a steep increase in the startup's valuation.
Sources
- SiliconANGLE ↗ via Google News Reported