Fundraising
4 stories
Rounds raised by legal companies, and what the money is for.
Harvey raises $550M, buys AI-safety startup Guardrails(harvey.ai)
Harvey has raised $550m at a $15.5bn valuation, in a round co-led by Lightspeed Venture Partners and Diffusion, and paired the announcement with its fourth acquisition of the year: Guardrails AI, a San Francisco team whose open-source tooling monitors what an AI agent actually does and flags drift from what it was told to do. Guardrails' two co-founders and their team join Harvey's product and engineering group, and their framework, downloaded more than 250,000 times a month, becomes part of how Harvey checks its own agents before they touch a matter.
FundraisingHarvey, Guardrails AI3 sources
Legora is in talks to raise at a $10bn valuation(sifted.eu)
Legora is in early discussions with investors about new funding at a valuation of at least $10bn, according to the Financial Times, in a deal that could mix fresh capital with secondary share sales. That is close to double the $5.6bn it was worth after its Series D in March, and it follows reported second-quarter growth of 50 percent to $150m in annual recurring revenue. Nothing is signed and the terms may move, so this is the price the market is willing to discuss rather than a round that has closed.
FundraisingLegora3 sources
White & Case invests in Saudi legal AI platform Clauze(legaltechnology.com)
White & Case has taken a stake in Clauze.AI, an AI system aimed at contract review, governance and due diligence for companies operating in Saudi Arabia and the wider Gulf, in what the firm says is its first stake in a Middle Eastern technology venture. The product was founded by Waad Alkurini, who spent a decade at White & Case's Riyadh office; it works bilingually in Arabic and English, and keeps client data resident inside the Kingdom. Neither side disclosed how much was invested.
FundraisingWhite & Case, Clauze.AI3 sources
Twin1 raises $20M for AI twins of individual lawyers(twin1.ai)
Twin1 has come out of stealth with a $20m seed co-led by Bessemer Venture Partners, Tribeca Venture Partners and Aramco Ventures, plus a strategic investment from the law firm Orrick. It pairs a professional with an AI twin meant to hold their expertise, preferences and working relationships, sitting inside meetings and document work through tools such as Microsoft Teams. Three of its four founders came from Eigen Technologies, the London document AI company SirionLabs bought in 2024, and Linklaters, Orrick and Dechert are named as customers.
FundraisingTwin1, Orrick5 sources