Harvey Raises $160 Million at $8 Billion Valuation as AI and Fintech Startups Attract Fresh Capital

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Harvey Raises $160 Million at $8 Billion Valuation as AI and Fintech Startups Attract Fresh Capital

Legal artificial intelligence startup Harvey has raised $160 million in a new funding round, reaching a valuation of $8 billion, according to people familiar with the transaction.

The deal underscores sustained investor interest in AI-driven enterprise software, even as global venture capital markets remain selective.

Reuters and Bloomberg have reported that Harvey’s rapid growth has been fueled by strong demand from law firms and corporate legal departments seeking AI-powered tools to streamline research, drafting and compliance workflows.

The company’s valuation places it among the fastest-scaling AI startups globally.

The funding round comes amid a broader wave of capital inflows into technology firms with clear revenue models.

Fintech company Airwallex has also secured new financing, highlighting continued investor confidence in cross-border payments and global financial infrastructure platforms.

According to CNBC, Airwallex’s expansion across Asia, Europe and the United States has positioned it as a key beneficiary of rising international commerce and digital payments.

Market analysts note that while funding volumes remain below the peak levels seen in 2021, capital continues to flow toward companies demonstrating operational discipline, enterprise adoption and scalable technology.

AI startups, in particular, are benefiting from corporate demand for automation and efficiency gains.

The latest funding activity suggests that investors are prioritizing business fundamentals and long-term growth prospects, rather than speculative expansion, as the venture capital market enters a more mature phase.

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