Harvey
Facts
- HQ
- United States
- Sectors
- Legal, Artificial Intelligence, Software
Legal-tech startups raise $7B+ in two years; Harvey leads with $1.2B, Legora $600M, Clio $1.4B financing
Venture investors have poured over $7 billion into legal and legal-tech startups in the past two years—$4.6 billion in 2023 and $2.2+ billion so far this year—with AI-focused firms like Harvey, Legora, and Clio leading recent fundraising.
Harvey launches Tenet, a proprietary legal AI post-trained on Moonshot’s Kimi K3 to replace OpenAI calls
Harvey launched Tenet, its first proprietary legal AI model, which was post-trained on Moonshot’s open-weight Kimi K3 to reduce reliance on third-party providers and internalize costs. The model was trained using mock legal disputes created and graded by hired lawyers to optimize performance for legal workflows.
Legora mira a valutazione di 10 miliardi con nuovo finanziamento, espande aOS e integra 7 milioni di documenti con Tinexta Visura
Legora punta a una valutazione di circa 10 miliardi grazie a un nuovo finanziamento che potrebbe quasi raddoppiare la valutazione di 5,6 miliardi di aprile; la crescita è sostenuta dall'espansione della sua piattaforma aOS e da un accordo con Tinexta Visura che integra oltre 7 milioni di documenti giuridici nei workflow.
Aavalynx raises £1.5M pre-seed from Omega Ventures to use AI to forecast and eliminate corporate disputes
London-based legaltech Aavalynx raised £1.5M in pre-seed funding led by Omega Ventures to build AI tools that forecast and reduce corporate dispute risk, aiming to shift companies from reactive litigation to proactive decision-making.
Aavalynx raises £1.5M pre-seed to use AI for corporate dispute analysis and reduce legal spend
Legaltech Aavalynx raised £1.5 million in pre-seed funding to help enterprises manage the financial risk of corporate disputes using proprietary AI that structures and analyses dispute data at scale. Founded in 2023 and commercially live in 2024, the startup aims to enable earlier intervention, better strategic decisions, and reduced legal spend amid rising litigation risk.
Fireworks AI Raises $1.505B Series D at $17.5B Valuation as Revenue Tops $1B and Token Processing Hits 40T/Day
Fireworks AI raised $1.505 billion in a Series D at a $17.5 billion valuation and says it now has a $1 billion annualized revenue run rate, processing over 40 trillion tokens per day for customers like Notion, Uber, and DoorDash. The inference startup — founded by ex‑Meta PyTorch lead Lin Qiao — positions cheaper, fine‑tuned models as a scalable enterprise alternative to costly frontier APIs.
Norm Ai Raises $120M at $1.2B Valuation to Revolutionize Legal Billing with Outcome-Based Pricing
Norm Ai raised $120 million in a Series C round led by Khosla Ventures at a $1.2 billion valuation to disrupt traditional legal billing by offering outcome-based pricing through its affiliated firm, Norm Law. The company integrates AI agents supervised by senior attorneys and aims to transform how legal work is priced amid competition from AI-driven law startups like Harvey and Legora.
Norm Ai Raises $120M Series C Led by Khosla Ventures, Reaches $1.2B Valuation as a Legal AI Unicorn
Norm Ai, a New York-based legal and compliance AI company, secured $120 million in a Series C funding round at a $1.2 billion valuation, becoming a unicorn. The company is distinct for embedding legal reasoning into AI agents for financial services and launching an affiliated AI-native law firm with outcome-based pricing.
AI Law Startup Norm Raises $120M Series C Led by Khosla Ventures, Valued at $1.2 Billion
AI law startup Norm raised $120 million in a Series C round led by Khosla Ventures, achieving a $1.2 billion valuation. The startup operates an AI-native law firm offering outcome-based legal services and plans to use the funds to expand its product and attorney team.
Revo Capital Leads Turbo Law's $3.8M Seed Round to Expand AI Litigation Platform; Lightbringer Raises $10M Series A to Enter US Market
Turbo Law secured $3.8 million in a seed funding round led by Revo Capital to expand its AI-powered litigation platform for defense law firms and insurers. Separately, Swedish legaltech startup Lightbringer raised $10 million in Series A funding to enhance its AI patent platform and enter the US market, with new board members from 6 Degrees Capital and Newion.
Legora Expands in Europe with 1,500 Staff Target, $5.6B Valuation, Backed by Nvidia and Bain Capital
Legora, a Stockholm-based legal AI startup founded in 2023, is rapidly expanding across Europe with new offices and significant hiring plans to meet existing demand, aiming to rival US-based Harvey. Backed by Nvidia and Bain Capital, Legora has reached about $100 million in annual recurring revenue and holds a valuation around $5.6 billion.
A startup building the Harvey for patent law has raised $40 million
Patlytics, a startup automating the entire patent lifecycle, raised $40 million in a Series B led by SignalFire after growing revenue about 10x and securing more than 40% of AmLaw 100 firms. Founded by Paul Lee and Arthur Jen, the company targets specialized patent-law workflows and previously raised $25 million.
Legora hits $100M ARR in 18 months, challenging Harvey after $550M Series D values it at $5.55B
Swedish legal AI startup Legora says it grew from about $1 million ARR to $100 million ARR in 18 months, a rapid rise that positions it as a major challenger to Harvey and supports its $5.55 billion valuation after a $550 million Series D led by Accel.
Theo Ai raises $4.2M seed led by NextView Ventures and Collide Capital; Aaron Samuels joins board
Theo Ai, an AI-driven litigation prediction platform, raised $4.2M in a seed round six months after a $2.2M pre-seed; the round was co-led by NextView Ventures and Collide Capital and includes angel investor David Fox. The funds will expand proprietary data pipelines, enhance the legal corpus, reinforce supervised learning with legal experts, and accelerate development of AI-powered settlement prediction tools for Big Law and general counsel.
Bench IQ announces $2.1M pre-seed raise to use AI for mapping judges' decision-making patterns
Bench IQ, a Toronto legal research startup founded by Jimoh Ovbiagele, Maxim Isakov and Jeffrey Gettleman, says its AI analyzes judges' decision-making patterns to help lawyers tailor arguments; it raised $2.1 million in a pre-seed round led by Maple and Haystack. The company claims its LLM-based system covers 100% of judges' rulings, but it declined to disclose technical details or dataset scope citing pending patents.
