Harvey hits $11bn valuation as it bets on AI agents for legal work

Harvey has raised $200 million in new funding at an $11 billion valuation, as the legal AI startup continues its rapid expansion across law firms and in-house teams.

The round, co-led by existing investors GIC and Sequoia, brings Harvey’s total funding to more than $1 billion and marks another step up from its $8 billion valuation just months ago.

The company raised $160 million in a Series F round in December, led by Andreessen Horowitz.

Scaling fast

The latest funding comes amid a period of rapid growth for Harvey, which says its platform is now used by more than 100,000 lawyers across 1,300 organisations.

Its customer base includes more than half of the top 100 US law firms, alongside more than 500 in-house legal teams and dozens of asset managers.

The company is positioning itself as a core infrastructure layer for legal work, with AI agents increasingly used to handle tasks such as due diligence, contract drafting and multi-step legal workflows.

Harvey said the new investment will be used to build out its agent capabilities and expand the legal engineering teams that work with customers to embed the platform into existing workflows.

Chief executive Winston Weinberg said: “AI isn’t just assisting lawyers. It’s becoming the system through which legal work gets done. The law firms and in-house teams leading the way are building agents that execute complex workflows so lawyers can focus on judgment, strategy and outcomes.”

Europe and brand push

Harvey has been expanding aggressively this year, particularly in Europe, where it has secured high-profile customers including HSBC and law firm giant DLA Piper.

Alongside customer growth, the company has also pushed into brand-building, striking sponsorship deals with the US Open tennis tournament and sports teams including Fulham FC and the Dallas Mavericks.