Harvey, an AI legal tech startup, confirmed a new funding round that valued the company at $11 billion. The raise was co-led by GIC and Sequoia, featuring returning backers including Andreessen Horowitz, Kleiner Perkins and Elad Gil, and amounted to $200 million, with Harvey now having raised over $1 billion in total. The firm builds AI tools for legal workflows, featuring large-language-model capabilities designed to draft, analyze and summarize legal documents.
The deal continues a rapid valuation climb: Harvey jumped more than 3.5x in a year across multiple rounds. Sequoia’s repeated co-leads signaled outsized investor conviction, underscoring growing venture appetite for enterprise AI that automates professional services. For legal teams and law firms, Harvey’s funding signals accelerating product development and broader commercial rollout of AI assistants that aim to cut review time and surface risks faster.
Image Credit: Harvey