Harvey reportedly in discussions to raise $250M at $5B valuation

Legislative Tech Startup Harvey Clainer Parkins and Coats are in talks to increase a $ 250 million in a fund in a fund, which is worth $ 5 billion, Reuters, ReportBy quoting anonymous sources.

Sikoiya Capital, which led to Series of $ 300 million in startup Reuters are expected to invest in this new round just three months ago, that investors are mostly attracted to the startup traction in most markets.

Harvey enjoyed rapid growth because lawyers and legal agencies around the world find ways to use AI Tech to research, facilitate documentation and test their data quickly. Reuters reported that the company recorded annual run-rate revenue in April $ 75 million.

The news comes a few days after Harvey D It will start using AI models from ethnographic and Google, it will add its back, OpenAI to models.

The report did not mention whether the Open AI Startup Fund, which supported Harvey in early life, would also invest in this round.

Harvey, Kotu, Sikoiya and Clear Parkins did not immediately return the requests for the comment.