Legal AI Unicorn Harvey Targets $11B Valuation in New Funding Round

09.02.2026

Legal AI startup Harvey is reportedly in advanced negotiations to secure an additional $200 million in funding at an $11 billion valuation, with Sequoia Capital and Singapore's GIC leading the round, according to industry sources.

If successfully closed, this funding round would represent a remarkable $3 billion valuation increase within just a few months. The trajectory demonstrates unprecedented growth momentum in the enterprise AI sector.

Recent Funding History:

• December 2025: Raised $160 million at an $8 billion valuation led by Andreessen Horowitz
• June 2025: Secured $300 million Series E at $5 billion valuation led by Kleiner Perkins and Coatue
• February 2025: Closed $300 million Series D at $3 billion valuation led by Sequoia Capital

The company, which develops specialized Large Language Model (LLM) solutions for legal firms, has demonstrated exceptional commercial traction. According to founder and CEO Winston Weinberg's recent disclosure, Harvey achieved an annual recurring revenue (ARR) of $190 million by the end of 2025.

This represents nearly 100% revenue growth in under six months, scaling from approximately $100 million ARR in August 2025. The rapid expansion of contracted revenue underscores strong market demand for AI-powered legal technology solutions.

Harvey's meteoric rise positions it as one of the most successful enterprise AI applications to emerge from the current generative AI wave, attracting continuous investment from Silicon Valley's premier venture capital firms.

The company declined to provide official comment on the reported funding round.

Sources:
Forbes - Harvey Funding Report
Harvey Official Blog - Series D Announcement
Winston Weinberg LinkedIn Post