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.
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