Harvey raises $550 million as legal AI valuation reaches about $15.6 billion

Harvey has raised $550 million in a new funding round that values the legal AI company at roughly $15.5 billion to $15.6 billion, accelerating its push to build proprietary models and autonomous legal agents. The round was co-led by Diffusion and Lightspeed Venture Partners, with Sapphire Ventures and Whale Rock Capital Management among the participating investors. Harvey’s own announcement cited a $15.5 billion valuation, while separate reporting placed it at $15.6 billion. Harvey’s announcement