[Legal AI Startup Harvey Completes $550 Million Financing, Valuation Rises to $15.6 Billion] According to Golden Finance, on September 9, legal AI startup Harvey announced the completion of a $550 million financing round, raising the company's valuation to $15.6 billion. The funds raised will primarily be used to develop proprietary AI models. This round of financing was co-led by Lightspeed Venture Partners and Diffusion, with Sapphire Ventures and Whale Rock Capital Management also participating as new investors. To date, Harvey has raised over $1.5 billion in total, making it the highest-valued and largest-funded legal AI startup. The company provides services to multiple top-tier law firms, including renowned firms such as Latham & Watkins, as well as legal departments of enterprises like Microsoft.