Legal-tech giant Harvey is preparing for one of the largest funding rounds in its sector yet. The company is reportedly in talks to raise $200 million at a striking $11 billion valuation, with prominent backers Sequoia Capital and GIC leading the round.
Harvey’s new fundraising discussions follow an exceptional run of capital activity. In December 2025, the company raised $160 million at an $8 billion valuation, $300 million Series E at a $5 billion valuation, and $50 million round led by EQT Growth.
Additional funding from investors, including Andreessen Horowitz, WndrCo, Kleiner Perkins, Conviction, and Elad Gil. In total, Harvey has amassed $1.2 billion in capital.
Transforms legal workflows at scale
Founded in 2022 by Winston Weinberg, then a junior attorney at O’Melveny & Myers, teamed up with Gabe Pereyra, formerly a research scientist at Google DeepMind.
Harvey’s software has become a core tool for thousands of lawyers who need to sift through dense filings, summarise documents, draft materials, and clarify legal queries. Its system sits on top of models from OpenAI, Anthropic, and Google, further refined with proprietary legal datasets, statutes, regulations, and global case law.
This approach has powered extraordinary adoption. By the end of 2025, Harvey crossed $190 million in annual recurring revenue, as confirmed by CEO Weinberg. Today, more than 1,000 customers rely on the platform, including major firms such as O’Melveny, A&O Shearman, and Latham & Watkins, representing roughly 100,000 active users.
The company has also expanded beyond traditional firms. Corporate legal departments at Comcast and Verizon have begun integrating Harvey to speed compliance reviews and internal processes.
Navigating a crowded market
Harvey arrived early in the legal-tech wave, giving it a head start in building domain-specific datasets and securing marquee clients. But the landscape now looks very different. Dozens of competitors have emerged, and established software incumbents have rolled out their own automation features.
One serious challenger is Sweden-based Legora, which secured a $1.8 billion valuation in late 2025. As new players rise, differentiation through accuracy, dataset depth, and workflow integration will matter far more than model size alone.
