New updates have been reported about Harvey.
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Harvey has raised $200 million in new capital at an $11 billion valuation, cementing its position as one of the most aggressively financed players in AI-driven legal technology. The round was co-led by returning backers GIC and Sequoia, with continued support from Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins, signaling sustained institutional conviction in Harvey’s business model and growth prospects.
This financing lifts Harvey’s total capital raised to more than $1 billion and marks a more than 3.5x valuation increase in a year, following prior rounds that valued the company at $8 billion in December, $5 billion in June, and $3 billion in February 2025. Sequoia has now co-led three funding rounds since Harvey’s Series A, a level of repeated participation Sequoia partner Pat Grady has characterized as unusually strong for the firm, underscoring investor expectations that Harvey’s AI platform will continue to scale rapidly and shape the economics of the legal services market.