Harvey reportedly amassed an $11 billion valuation just months after reaching $8 billion

There seems to be no stopping legal AI startup Harvey’s explosive growth, with venture capital constantly pouring money into it. Sources told Forbes that the company is in talks to raise another $200 million at a valuation of $11 billion, led by Sequoia and Singapore’s GIC.

If the deal is completed, Harvey’s valuation will jump by $3 billion within months. In December, the company confirmed it had raised $160 million at an $8 billion valuation led by Andreessen Horowitz last fall. (Harvey declined to comment on the potential new increase.)

Last June, it announced a $300 million Series E at a $5 billion valuation led by Kleiner Perkins and Kuato. A few months before that, in February 2025, it had taken a Sequoia-led $300 million Series D at a $3 billion valuation.

The startup, which offers LLM AI to law firms, has achieved an average annual recurring revenue of $190 million by the end of 2025, founding CEO Winston Weinberg shared on LinkedIn. That was up from $100 million in August (depending on what the company means by ARR), nearly doubling contracted revenue in less than six months.

How did you become one of the breakout winners in enterprise AI applications? Weinberg recently told TechCrunch editor-in-chief Connie Loizos the amazing story of how the company originally captured the hearts of powerful Silicon Valley venture capitalists.