Legal AI startup Harvey raises $200 million at $11 billion valuation

Legal software firm Harvey has raised $200 million at an $11 billion valuation and will use some of the funds to expand its artificial intelligence agent as investor appetite for AI tools accelerates.

AI agents, which plan, decide and act autonomously, have become ‌venture capital’s ⁠most sought-after ⁠bet as professional services companies focus on streamlining offerings and improving efficiency.