Venture
Harvey raises $550M at $15.5B, co-led by Diffusion and Lightspeed
Legal-AI company Harvey raised $550M at a $15.5B valuation, co-led by Diffusion and Lightspeed Venture Partners, with Sapphire Ventures and Whale Rock joining and Sequoia, Kleiner Perkins, a16z, Coatue, Conviction, Elad Gil, GIC and Goldman Sachs Alternatives returning. Harvey's pitch has shifted from 'ChatGPT for lawyers' to letting firms own their own intelligence layer — a pattern vertical-AI builders should note.