LEGAL AI
Harvey In Talks For $11B Valuation Funding Round
Legal AI startup Harvey is in talks to raise $200 million at a $11 billion valuation, led by Sequoia Capital and GIC. Harvey, founded in 2022, develops AI software that helps lawyers and law firms dra
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Legal AI startup Harvey is in talks to raise $200 million at a $11 billion valuation, led by Sequoia Capital and GIC.
Harvey, founded in 2022, develops AI software that helps lawyers and law firms draft documents, review filings, and summarize case materials. The new funding round comes after the company reported reaching $190 million in annual recurring revenue by the end of 2025 and serving over 1,000 customers, including major law firms where approximately 100,000 lawyers use its technology.
This rapid valuation increase marks Harvey's fourth funding round in 2025 alone. The startup has now raised $1.2 billion in total capital. The deal would value Harvey at nearly 60 times its annual recurring revenue, reflecting investor confidence in legal AI despite increasing competition from both startups and established software providers.
Revenue Growth
Harvey reached $190 million in annual recurring revenue by the end of 2025, according to CEO Winston Weinberg's LinkedIn post. The company serves more than 1,000 customers, including large law firms like O'Melveny, A&O Shearman, and Latham & Watkins.
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Sources
- 1Legal AI Startup Harvey In Talks To Raise $200 Million At $11 Billion Valuationhttps://www.forbes.com/sites/iainmartin/2026/02/09/legal-ai-startup-harvey-in-talks-to-raise-200-million-at-11-billion-valuation/
- 2Legal AI’s Harvey chases $11B valuation, months after $8B mark – but can multiples hold?https://techfundingnews.com/harvey-to-take-a-leap-in-legal-tech-race-with-new-200m-raise-at-11b-valuation/
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