Harvey has raised $160 million at an $8-billion valuation, cementing its position as one of the world’s fastest-growing legal AI companies.
Harvey has officially raised $160 million at an eye-popping $8-billion valuation, the company announced today. The round was led by Andreessen Horowitz, following EQT’s recent investment, with new participation from WndrCo and accounts advised by T. Rowe Price Associates, Inc. Returning investors include Sequoia, Kleiner Perkins, Conviction, and Elad Gil.
As part of the financing, Harvey will complete its first tender offer, a move that underscores the company’s acceleration across the legal-AI market. More than 50% of Am Law 100 firms now use Harvey, along with in-house teams at organizations such as Bridgewater, Comcast, and Carvana. LegalTech.ca first reported on this upcoming round last month.
The valuation more than doubles Harvey’s worth from a year ago and extends a striking fundraising streak: the company raised at a USD $5B valuation in June, just four months after closing a USD $3B round.
Founded in 2022 by former O’Melveny & Myers lawyer Winston Weinberg and former DeepMind researcher Gabe Pereyra, Harvey has now raised more than USD $1 billion in total. Its client roster includes major global firms such as A&O Shearman and Ashurst, as well as investment giants KKR and Bridgewater.
Harvey’s surge has placed it squarely among the world’s most prominent legal-AI providers. The company appeared on both the Forbes AI 50 and Forbes Next Billion-Dollar Startups lists in 2023. In August, Weinberg told CNBC that annual recurring revenue had surpassed USD $100 million—double what Reuters reported just six months earlier.