Overview
- Sources say Sequoia and GIC are set to lead the $200 million round at an $11 billion valuation, though all parties declined to comment.
- If completed, the raise would follow December’s $160 million at an $8 billion valuation and earlier 2025 rounds at $5 billion and $3 billion, with total capital reported at about $1.2 billion.
- Harvey reported $190 million in annual recurring revenue by the end of 2025, according to a LinkedIn post by CEO Winston Weinberg.
- The company says it serves more than 1,000 customers including O’Melveny, A&O Shearman and Latham & Watkins, with roughly 100,000 lawyers using its tools, and it has begun selling into corporate legal teams at Comcast and Verizon.
- Its software runs on large language models from OpenAI, Anthropic and Google fine-tuned on legal data, as competition intensifies from rivals like Legora and from model makers launching legal-focused features.