Harvey, an artificial intelligence platform developed specifically for the legal sector and already available in Portugal, announced a $550 million funding round. This new investment raises the company's valuation to $15.5 billion, in an operation led by Diffusion and Lightspeed Venture Partners. The round also featured participation from existing investors Sequoia, Kleiner Perkins, a16z, Coatue, Conviction, Elad Gil, Evantic, GIC, Goldman Sachs Alternatives, Verified Capital, and WNDR, as well as new entities Sapphire Ventures and Whale Rock.
This funding coincides with a period of strong expansion in Harvey's technological offering. Recently, the company launched its first open-weight model with post-training and presented Harvey LAB, a benchmark designed to evaluate the performance of AI agents in complex legal tasks. In parallel, the company strengthened its ecosystem by announcing the acquisition of Guardrails AI, a platform focused on the safety and reliability of artificial intelligence systems.
The capital raised will be used to accelerate technological development and reinforce support for law firms, internal legal departments, and consultancies. The core objective is to help these organizations manage, develop, and leverage their own corporate knowledge through AI.
In Portugal, the digital transformation driven by Harvey is already a reality in large organizations. The technology is actively used by leading firms such as Abreu Advogados, Vieira d'Almeida, PLMJ, and PwC. Co-founders Winston Weinberg and Gabe Pereyra emphasized that Harvey aims to be the global partner that legal teams turn to for this work, planning to hire and develop the best team in the sector to support clients throughout the next wave of transformation.
