The legal AI startup Harvey continues its remarkable growth trajectory, with venture capitalists consistently investing heavily. According to sources, the company is currently in talks to raise an additional $200 million. This new funding round, reportedly led by Sequoia and Singapore’s GIC, would value Harvey at $11 billion.
If this deal is finalized, it would represent a massive $3 billion increase in the company’s valuation in just a few months. This follows its confirmed raise of $160 million at an $8 billion valuation in December, which was led by Andreessen Horowitz.
Harvey’s fundraising pace has been extraordinary. Back in June, it announced a $300 million Series E round at a $5 billion valuation led by Kleiner Perkins and Coatue. Just months prior, in February 2025, it secured a $300 million Series D round led by Sequoia at a $3 billion valuation.
The startup, which provides a large language model AI for law firms, has also seen explosive revenue growth. Founder and CEO Winston Weinberg shared that Harvey reached an annual recurring revenue rate of $190 million by the end of 2025. This was nearly double its $100 million ARR from just six months earlier in August.
This combination of rapid funding and revenue growth has positioned Harvey as one of the clear breakout winners in enterprise AI applications. The company’s origin story, involving how it won over Silicon Valley’s top venture capital firms, further underscores its remarkable rise in the industry.