Legal AI startup Harvey valued at $11 billion

Legal AI startup Harvey has secured $200 million in new funding, achieving an $11 billion valuation. The company focuses on providing AI infrastructure for law firms and in-house legal teams. This significant investment, co-led by existing investors, underscores the growing venture capital interest in AI solutions beyond core model developers. Harvey plans to utilize the capital to expand its AI agent capabilities and bolster its embedded legal engineering teams, aiming to scale its services across a wider range of legal operations.