Sources: legal AI startup Harvey is in talks to raise $500M+ at a $15.5B valuation, up from $11B in March, and is generating $350M+ in annualized revenue (The Information)

Techmeme ·

Harvey is pursuing a $500M-plus round at a $15.5B valuation, signaling continued investor demand for vertical AI leaders.

Categories: Money & Moves

Excerpt

<a href="https://www.theinformation.com/articles/harvey-talks-raise-funding-15-5-billion-valuation"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260807/i22.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260807/p22#a260807p22" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="https://www.theinformation.com/">The Information</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.theinformation.com/articles/harvey-talks-raise-funding-15-5-billion-valuation">Sources: legal AI startup Harvey is in talks to raise $500M+ at a $15.5B valuation, up from $11B in March, and is generating $350M+ in annualized revenue</a></b></span>&nbsp; &mdash;&nbsp; Legal AI startup Harvey is in talks to raise at least $500 million at a $15.5 billion valuation including the investment, a 40% premium to its last valuation five months ago.</p>