Legal AI startup Harvey has closed a $200 million funding round at an $11 billion valuation. Harvey, which is undoubtedly counted as one of the enterprise AI sector's biggest success stories, has displayed outstanding growth these past 12 months. This is reflected in the startup's valuation, which has increased more than three-fold since February 2025, when Harvey was initially valued at $3 billion. The current funding round places Harvey's total raised funds at over $1 billion, and was co-led by returning investors GIC and Sequoia, with participation from Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins.

Sequoia partner Pat Grady acknowledged the firm's unusual commitment, having co-led three rounds since Harvey's Series A. "Co-leading three rounds in the same company is rare for Sequoia and reflects conviction that has only grown stronger," Grady said.

Harvey has established itself as the infrastructure layer for legal work, with more than 100,000 lawyers across 1,300 organizations in 60+ countries using the platform. The company now partners with the majority of the AmLaw 100, over 500 in-house legal teams, and 50 asset management firms. Recent clients include NBCUniversal, HSBC, and DLA Piper.

The platform hosts over 25,000 custom AI agents executing workflows across M&A, due diligence, contract drafting, and document review. "AI isn't just assisting lawyers. It's becoming the system through which legal work gets done," said CEO and co-founder Winston Weinberg.