<ul><li>Harvey is in discussions to raise over $250 million in a funding round led by Kleiner Perkins and Coatue, valuing the startup at $5 billion.</li><li>Sequoia Capital, an investor from the startup's previous funding round, is also expected to participate in this new raise, attracted by Harvey's rapid traction in the market.</li><li>Harvey, a legal tech startup, has seen significant growth by offering generative AI technology to simplify legal processes, with an annualized run-rate revenue of $75 million as of April.</li><li>The startup recently announced its collaboration with AI models from Anthropic and Google, alongside those from its existing backer, OpenAI, without clarity on potential investment from the Open AI Startup Fund.</li></ul>

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

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