Legal AI startup Harvey has reportedly secured a new funding round that could raise its valuation to $11 billion. According to sources cited by Forbes, venture capitalists, including Sequoia and Singapore’s GIC, are considering investing an additional $200 million in the company.
If this investment round goes through, Harvey’s valuation would see a substantial increase of $3 billion within a few months. In December, the company had secured $160 million at an $8 billion valuation, led by Andreessen Horowitz. Prior to that, Harvey had raised $300 million in a Series E round at a $5 billion valuation, followed by a $300 million Series D round at a $3 billion valuation in February 2025, led by Sequoia.
Founder and CEO Winston Weinberg revealed that Harvey achieved an annual recurring revenue rate of $190 million by the end of 2025, marking significant growth from $100 million ARR just a few months earlier. The company’s success in the AI enterprise applications space has attracted attention from prominent VCs in Silicon Valley.
Source: TechCrunch