Harvey seeks $500M after revenue reaches $350M

Harvey is reportedly seeking at least $500 million at a $15.5 billion valuation after its annualized revenue reached $350 million, up from $190 million in January, according to SiliconANGLE’s account of the funding talks. That would value the legal-AI company at roughly 44 times annualized revenue while it develops its own legal foundation models instead of relying entirely on OpenAI and Anthropic. For enterprise builders, the multiple is another sign that investors expect vertical agents—not a generic model alone—to capture the workflow margin, an extension of the agent economics behind GPT-5.6.