Synthetic Intelligence & Robotics
Harvey raises $550M in newest spherical of funding
Authorized know-how big Harvey introduced Wednesday that it had raised $550 million in its newest spherical of funding, placing the corporate’s total valuation at $15.5 billion. (Photograph by SimpleImages/Getty Photographs)
Authorized know-how big Harvey introduced Wednesday that it had raised $550 million in its newest spherical of funding, placing the corporate’s total valuation at $15.5 billion.
In a Sept. 9 press release, the corporate acknowledged that the funding spherical would “speed up Harvey’s efforts to assist regulation companies, in-house authorized groups {and professional} companies companies construct and personal their intelligence at scale.”
“The chance for firms to speed up their aggressive benefit with AI has by no means been larger,” Harvey co-founders Winston Weinberg and Gabe Pereyra mentioned within the press launch. “Harvey needs to be the worldwide companion authorized groups flip to for this work, and we plan to rent and develop the very best group within the house to assist our shoppers via the following wave of AI transformation.”
Based on the press launch, new buyers on this spherical embody Diffusion, Sapphire Ventures, Whale Rock and Lightspeed. On this spherical, they have been joined by current distributors, reminiscent of Sequoia, Goldman Sachs Alternate options, Verified Capital, Kleiner Perkins and Evantic.
In the meantime, Reuters reported Wednesday that Harvey had additionally acquired Guardrails AI, an AI safety platform for brokers. Phrases weren’t disclosed.
Based on another Sept. 9 press release, this marks Harvey’s fourth acquisition of 2026.
“Each agency we work with asks the identical query earlier than they let an agent close to actual consumer work: How are you aware what it can do?” Weinberg mentioned in that press launch. “Guardrails has spent three years constructing the reply to that query, and we’re placing their know-how beneath each agent we ship.”
Write a letter to the editor, share a story tip or update, or report an error.