Legal AI’s big round: Harvey
Legal‑AI startup Harvey raised $200 million at an $11 billion valuation and plans to scale AI‑powered legal agents — a big validation that vertical AI applications can attract blockbuster checks. Expect talent and M&A attention in the legal‑tech stack. (cnbc.com)
The new round was led by returning backers Sequoia and Singapore sovereign investor GIC, with participation from Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic and Kleiner Perkins. (harvey.ai) Harvey’s valuation trajectory has been rapid: it was valued at $8 billion in December 2025, $5 billion in June 2025, and $3 billion in February 2025, reflecting multiple re‑ratings over the past year. (techcrunch.com) Founder‑CEO Winston Weinberg disclosed that the company reached roughly $190 million in annual recurring revenue by the end of 2025, up from about $100 million in August 2025. (techcrunch.com) The platform already serves large corporate legal teams and global firms — clients publicly cited include NBCUniversal and HSBC — and independent trackers estimate the customer base has topped roughly 1,000 organizations. (cnbc.com) Harvey moved on M&A earlier this year when it acquired demo‑builder Hexus and brought founder Sakshi Pratap and her San Francisco engineering team into Harvey’s product organization. (techcrunch.com) Investors and reporting note Sequoia has co‑led multiple recent rounds for Harvey, the company has now raised more than $1 billion to date, and its valuation more than tripled within roughly a year. (techcrunch.com)
