Lightspeed Venture Partners

So hopefully they can grab a bit more market share.

yeah now one article that was out during the week that i just thought was interesting it says this silicon valley vc giant has a warning for software stocks this was in the afr by emma rappaport says one of the world's largest venture capital firms says investors are underestimating the carnage artificial intelligence will create for software companies Lightspeed Venture Partners partner Isaac Kim said software investors kept changing their narratives to justify their support for companies that were clearly being disrupted by increasingly sophisticated AI tools.

He says, first, when AI came out, a lot of software investors were like, don't look over there.

Don't worry about it, said Kim, who will be a headline speaker at the SON Hudson Mind Conference this year.

It raised 550 million US, uh, last week at a $15.5 billion US valuation.

The round was led by Diffusion and Lightspeed Venture Partners.

This follows a $200 million round, uh, in March, so [laughs] six months ago at 11 billion, and a few months before that, an $8 billion va- valuation.

So it's gone from 8 billion in December to s- well, basically 16 billion now.

The legal AI startup that VCs can't get enough of has raised another $550 million in funding, this time at a $15.5 billion valuation.

The round was co-led by Diffusion and Lightspeed Venture Partners, and follows the previous $200 million round at an $11 billion valuation announced in March.

And that was just a few months after an $8 billion valuation from a round in December.

With this latest infusion of capital, the company has raised more than one and a half billion dollars total and nearly doubled its valuation in about nine months.

Harvey, the legal AI company, raised $550 million at a $15.5 billion valuation.

The round was co-led by two new investors, Diffusion and Lightspeed Venture Partners, with Sapphire Ventures and Whale Rock also joining.

Harvey says the money goes toward building its own legal models, rather than relying entirely on general purpose systems rented from others, a shift the company frames as helping law firms own their intelligence.

It also says its customer base has more than tripled since March.

They take real human skin, keep it alive to run experiments on it and somehow feed the data into AI models.

One of the firms funding all of this is Lightspeed Venture Partners.

And Lightspeed has an entire investment...

The Dana White and Epstein connection is, what should I say? It's like light, okay? It's a light connection, but I'm making the connection.

I appreciate it.

That was Beth Carlson, partner and chief HR officer at Lightspeed Venture Partners.

I loved hearing about how the landscape is changing from her vantage point.

Beth's not sharing the perspective of one company's playbook.