Sources: legal AI startup Harvey raised $150M led by a16z at an $8B valuation, up from a $5B valuation in June, bringing its total raised to over $1B (Iain Martin/Forbes)

Legal AI startup Harvey has successfully raised $150 million in a funding round led by a16z, boosting its valuation to $8 billion, a significant increase from $5 billion just a few months ago. This funding brings Harvey's total capital raised to over $1 billion, highlighting the growing confidence in AI technologies within the legal sector. This development is crucial as it underscores the potential for AI to transform legal practices, making them more efficient and accessible.