This Week in Unicorn Companies | Key Deals and Moves

Harvey raised $59 million in a strategic investment from EQT Growth, a fund managed by EQT AB. Founded in 2022 by Gabe Pereyra and Winston Weinberg, the San Francisco-based company builds generative AI platforms designed for the legal industry. Harvey’s customized large language models empower law firms and corporate legal teams to handle tasks such as contract drafting, legal research, and regulatory compliance with greater efficiency.

EvenUp raised $150 million in a Series E funding round led by Bessemer Venture Partners, valuing the company at over $2 billion. Founded by Rami Karabibar, Raymond Mieszaniec, and Saam Mashhad, EvenUp automates critical legal tasks from medical record analysis to demand letter generation helping firms scale efficiently while improving outcomes for victims.

Base Power raised $1 billion in new funding, bringing its valuation to $3 billion. Founded by Zachary Dell and Justin Lopas, the Austin-based company delivers reliable and affordable home energy through its battery storage systems, turning households into a distributed energy network. The round was led by Addition, with participation from Andreessen Horowitz, Lightspeed, and CapitalG. With this investment, Base Power aims to transform home energy systems and build a sustainable, grid-resilient future.

Reflection AI raised $2 billion in new funding, reaching a valuation of $8 billion. The round was led by Nvidia, with participation from Eric Schmidt, Citi, 1789 Capital, and continued backing from Lightspeed and Sequoia. Founded in 2024 by Misha Laskin and Ioannis Antonoglou, the New York based startup is building autonomous coding agents capable of reading, writing, and evolving code independently.

Kalshi raised $300 million in a new funding round with participation from Sequoia, Andreessen Horowitz, Paradigm, reaching a $5 billion valuation. Founded by Tarek Mansour and Luana Lopes Lara, Kalshi is the first federally regulated event trading exchange, enabling users to invest in the outcomes of real-world events such as inflation rates, elections, and policy changes. The company’s mission is to establish event contracts as a new, regulated asset class for informed risk management and investment.