Harvey’s product suite focuses on contract analysis, compliance, due diligence, and litigation, applying AI to practical legal tasks through curated judgment and industry craft.

The new capital will fund expansion of AI agents—autonomous tools that can complete tasks for users—and the growth of embedded legal engineering teams worldwide.

Harvey, a legal AI startup, announced an about $11 billion valuation in conjunction with an $200 million funding round, underscoring strong investor appetite for specialized AI in regulated sectors.

The round is co-led by Singapore’s GIC and Sequoia, with participation from Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins.

Harvey now serves more than 100,000 lawyers across 1,300 organizations and reported $190 million in annual recurring revenue in January, doubling from $100 million a few months earlier.

The company raised $200 million in this round, with participation from global investors including GIC and Sequoia, and contributions from Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins.

Harvey’s client roster includes major names like NBCUniversal and HSBC, illustrating traction across professional services and large-scale enterprises.

CEO Winston Weinberg has described the rapid growth and fundraising as a “wild ride,” reflecting high investor interest in AI-driven legal tech.

Sequoia has co-led three of Harvey’s rounds since Series A, signaling continued strong backing amid rapid fundraising.

In context, Harvey’s rapid fundraising and $11B valuation come as AI adoption accelerates in niche, regulated markets, complementing broader moves by OpenAI and Anthropic.

Total funding for Harvey now exceeds $1 billion, with the valuation jumping more than 3.5x in under a year (from about $8B in December to $11B now).

The round was led by GIC and Sequoia, continuing Sequoia’s lead role across multiple Harvey rounds.