Legal software firm Harvey has raised $200 million at an $11 billion valuation, signaling surging investor demand for AI-powered legal tools.
The San Francisco-based company builds AI agents that autonomously handle complex legal tasks-including contract analysis, due diligence, compliance, and litigation-for major law firms and corporate legal departments.
The funding round, co-led by GIC and Sequoia with participation from Andreessen Horowitz and Coatue, brings Harvey’s total capital raised to over $1 billion.
CEO and co-founder Winston Weinberg said, “AI isn’t just assisting lawyers. It’s becoming the system through which legal work gets done.” The new capital will scale Harvey’s AI agent capabilities and grow its legal engineering teams.
This marks a steep jump from its December Series F round, when Harvey raised $160 million at an $8 billion valuation.
Harvey operates in a red-hot legal tech sector-rivals Clio and Eve raised $500 million and $103 million, respectively, last year.