Harvey AI, a rapidly growing legal technology startup, is in advanced discussions to raise over $250 million in a new funding round that would value the company at $5 billion. This marks a substantial increase from its previous valuation of $3 billion just a few months earlier, driven by strong revenue growth and increased product adoption. The company collaborates with Microsoft-backed OpenAI and has recently integrated models from Anthropic and Alphabet Inc. (Google) into its offerings. Key investors such as KP and Coatue are expected to co-lead the funding round. Harvey AI focuses on automating legal strategy through artificial intelligence, aiming to transform legal counsel practices.