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Harvey's rapid valuation growth underscores the market's intense interest in specialized legal AI tools that leverage open-weight models rather than relying solely on proprietary frontier labs. This funding validates a strategic shift where enterprises can fine-tune foundational models like Kimi K3 for specific verticals, reducing dependency on centralized AI providers while maintaining high performance in regulated domains.
Harvey hits $15.5B valuation, months after reaching $11B

The legal AI startup and VC darling has nearly doubled its valuation in nine months.
Harvey, the legal AI startup that VCs can’t get enough of, has raised another $550 million in funding, this time at a $15.5…
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