Home / Business and Economy / AI Law Startup Harvey Eyes $11B Valuation
AI Law Startup Harvey Eyes $11B Valuation
10 Feb
Summary
- Harvey is reportedly in talks to raise $200 million.
- The startup's valuation could reach $11 billion.
- Harvey achieved $190 million in annual recurring revenue.
Legal AI innovator Harvey is reportedly in talks to raise another $200 million, with a potential valuation of $11 billion. This new funding round is expected to be led by prominent investors Sequoia and Singapore's GIC.
This potential deal signifies substantial growth for Harvey, as its valuation would increase by $3 billion in just a few months. In December 2025, the company had already announced a $160 million funding round at an $8 billion valuation, led by Andreessen Horowitz.
Further demonstrating its rapid ascent, Harvey's annual recurring revenue reached $190 million by the end of 2025. This figure nearly doubled from $100 million reported in August 2025, highlighting the company's strong market traction.
Prior funding rounds include a $300 million Series E in June 2025 at a $5 billion valuation, led by Kleiner Perkins and Coatue, and a $300 million Series D in February 2025 at a $3 billion valuation, spearheaded by Sequoia.
