There appears to be no stopping legal AI startup Harvey’s skyrocketing growth, with VCs continuously throwing money at it. The company is reportedly in talks to raise another $200 million at an $11 billion valuation led by Sequoia and Singapore’s GIC, sources told Forbes.
If the deal closes, Harvey’s valuation would jump by $3 billion in a matter of months. In December the company confirmed it had raised $160 million at an $8 billion valuation led by Andreessen Horowitz last fall. (Harvey declined to comment on its potential new raise.)
Back in June, it announced a $300 million Series E at a $5 billion valuation led by Kleiner Perkins and Coatue. A few months before that, in February 2025, it gobbled up a Sequoia-led $300 million Series D at a $3 billion valuation.
The startup, which offers an LLM AI for law firms, hit an annual recurring revenue rate of $190 million by the end of 2025, founder CEO Winston Weinberg shared on LinkedIn. That was up from a $100 million ARR in August (depending on what the company means by ARR), so that’s nearly double the contracted revenue in less than six months.
How has it become one of the breakout winners of AI enterprise applications? Weinberg recently told TechCrunch’s editor-in-chief Connie Loizos an incredible story of how the company originally claimed the hearts of Silicon Valley’s powerhouse VCs.
