Sources: legal AI startup Harvey is in talks to raise $500M+ at a $15.5B valuation, up from $11B in March, and is generating $350M+ in annualized revenue
THE SO WHAT
$350M+ ARR and a $15.5B mark for a vertical AI app says the market will pay software multiples for deep workflow ownership, not just infra. If you’re horizontal, expect pricing pressure; if you’re in a regulated vertical, this is your cue to either go all-in on domain depth or accept being the plumbing.
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