Legal AI startup Harvey is reportedly in talks to raise an additional $200 million, potentially boosting its valuation to $11 billion, just months after it reached $8 billion, according to sources cited by TechCrunch. The potential deal, led by Sequoia and Singapore's GIC, would represent a significant valuation jump for the company. In other news, Workday announced that CEO Carl Eschenbach was stepping down, with co-founder Aneel Bhusri returning as CEO, and Lyft launched teen accounts, allowing minors as young as 13 to hail rides in 200 U.S. cities.
Harvey's rapid growth has attracted significant investment, with the company raising funds at an increasing valuation over the past year. In December, Harvey confirmed a $160 million raise at an $8 billion valuation, led by Andreessen Horowitz. Prior to that, in June, the company announced a $300 million Series E at a $5 billion valuation, and in February 2025, a $300 million Series D at a $3 billion valuation. Harvey declined to comment on the potential new raise.
Workday's leadership change comes as the company focuses on AI. Eschenbach, who joined Workday in December 2022 as co-CEO alongside Bhusri, had been the sole CEO since February 2024. Bhusri, who previously led the company since 2009, has been serving as executive chairman since 2024. Workday confirmed Bhusri's permanent return to the CEO role.
Lyft's new teen accounts, launched on Monday, allow minors as young as 13 to use the ride-hailing service without an adult in 200 U.S. cities. The service, similar to Uber's teen accounts, includes safety features like parental account creation, driver background checks, and the ability for teens to bring guests with parental permission. Lyft also implemented features like PIN verification and audio recording.
In other tech news, AI company Anthropic is nearing the final stages of a $20 billion funding round at a $350 billion valuation, according to Bloomberg. The company, which raised $13 billion in equity funding just five months ago, is seeing significant investor demand. Funds expected to participate include Altimeter Capital Management, Sequoia Capital, Lightspeed Venture Partners, Menlo Ventures, Coatue Management, Iconiq Capital, and Singapore's sovereign wealth fund. The bulk of the funding is expected to come from strategic partners Nvidia and Microsoft.
Finally, a TechCrunch report highlighted the risks of using stalkerware apps, revealing that at least 27 stalkerware companies have been hacked or experienced data leaks since 2017. The report emphasized the vulnerability of personal data and the potential for misuse by those seeking to monitor and spy on others.
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