Legal AI startup Harvey raises $200M at $11 billion valuation

Mar 25, 2026

Harvey, which develops AI tools for law firms, raised $200 million in new funding at an $11 billion valuation. The company plans to use the capital to expand its AI agents and grow its embedded legal engineering teams.

Harvey's $200M funding round and $11 billion valuation

▪Harvey's $200 million funding round closed just months after Harvey raised funds at an $8 billion valuation in December
▪Harvey will use the fresh capital to grow its embedded legal engineering teams around the world
▪Harvey will use the fresh capital to expand its AI agents
▪Harvey raised $200 million in fresh capital at a valuation of $11 billion
▪Singapore's GIC and Sequoia led Harvey's $200 million financing round

Harvey's AI legal services platform and market traction

▪Gabe Pereyra is a former research scientist at Google DeepMind and Meta who co-founded Harvey
▪Harvey hit $190 million in annual recurring revenue in January
▪Winston Weinberg is a former lawyer who co-founded Harvey
▪Harvey announced $100 million in annual recurring revenue in August
▪Harvey offers AI tools for legal and professional services that can streamline contract analysis, compliance, due diligence and litigation
▪Winston Weinberg and Gabe Pereyra launched Harvey after experimenting with OpenAI's GPT-3 model
▪Harvey's products are used by more than 100,000 lawyers across 1,300 organizations
▪Harvey earned a spot on CNBC's 2025 Disruptor 50 list

Competition dynamics between specialized AI startups and large model companies

▪Harvey is among a growing crop of startups focused on deploying the latest AI technology in specialized and complex markets
▪Bret Taylor's Sierra has crossed the $10 billion valuation mark
▪OpenAI and Anthropic have a combined valuation of more than $1 trillion
▪Harvey crossed the $10 billion valuation mark