Legal tech startup Harvey AI in talks to raise $250 million at $5 billion valuation.

From Yahoo Finance: 2025-05-14 12:47:00

Legal tech startup Harvey AI is in talks to secure over $250 million in funding at a $5 billion valuation, led by Kleiner Perkins and Coatue. Revenue has grown to $75 million annually, up 50% in a few months, driven by partnerships with firms like PwC and direct sales to corporations. Founded in 2022, Harvey uses AI for tasks like document review and contract drafting. The investment reflects growing interest in AI in the legal sector, with global legal tech startup investments hitting $2.1 billion in 2024. This funding surge highlights the legal industry’s shift towards tech to boost efficiency and quality.



Read more at Yahoo Finance: Exclusive-Legal startup Harvey AI in talks to raise funding at $5 billion valuation