Harvey reportedly raising at $11B valuation just months after it hit $8B

Source: TechCrunch

In Brief

Image Credit: Harvey

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, according to 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 (TechCrunch; Forbes). 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 secured a Sequoia‑led $300 million Series D at a $3 billion valuation (Harvey blog).

The startup, which offers an LLM AI for law firms, hit an annual recurring revenue (ARR) 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 (TechCrunch analysis), 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.