Aleeza Furman

The contract lifecycle management provider is slated to continue operating independently, with plans to use the investment to grow its product innovation and global reach.

Microsoft's new Legal Agent is designed to analyze documents, draft edits and review contracts while allowing users to track changes and verify suggestions.

At a meeting Thursday, the U.S. court system's advisory committee on evidence rules declined to advance a proposed amendment aimed at preventing AI-generated deepfakes from being admitted at trial. Meanwhile, many judges see a need for guidance on the issue.

In recent months, two mainstream tech giants have introduced artificial intelligence-powered legal tools, encroaching into a space largely populated by niche, industry-specific players.While the new tools present sources of potentially market-altering competition, they have also spurred a wave of new partnerships and integrations.

The funding, which will in part finance the company‘s product development and community building efforts,comes just six months after Sandstone announced its public launch and completion of a $10 million seed round.

Benchmark is Harvey’s third acquisition since the legal AI company made its first M&A deal in January.

Lupl, an "open source” matter management platform designed by firms and legal departments, is the latest in a string of acquisitions Elevate has made in the last two years.

Harvey's research showed Tenet performing competitively against frontier AI models from developers including Anthropic, OpenAI and Google across a range of legal agent and knowledge benchmarks.

Discernis founder and CEO Rob Kwiatkowski, a former applied scientist at Amazon Web Services, said existing AI tools used in e-discovery often struggle to understand context in high-volume matters.

The investment appears to be Harvey's largest publicly disclosed funding round in what has been a string of significant capital raising for the company.