Harvey confirmed on Thursday that it closed a major funding round led by Andreessen Horowitz, securing $160 million and reaching a valuation of $8 billion. News of the deal had already circulated since October, but the company has now made it official.
This new investment arrives only a few months after Harvey raised $300 million in a Series E round in June at a $5 billion valuation. Earlier in February, the startup completed a Sequoia-led $300 million Series D at a $3 billion valuation. Harvey’s growth has been rapid, and investors continue to bet big on its trajectory.
The company’s backers now include EQT, WndrCo, Sequoia, Kleiner Perkins, Conviction, and Elad Gil. Before closing this latest round, Harvey shared limited details about its business performance, offering percentages instead of exact numbers. It later revealed that it surpassed $100 million in annual recurring revenue in August. Harvey also disclosed that it works with 50 of the top AmLaw 100 law firms in the United States, along with several corporate legal departments.
The legal world relies heavily on language, researching cases, drafting documents, summarizing briefs, and reviewing contracts—making it a natural fit for large language models. Harvey has become one of the clearest examples of how investors shape early market leaders. When venture capital firms pour large sums into a promising startup, that vote of confidence often encourages major enterprise clients—like global law firms—to sign significant contracts. The cycle reinforces itself, giving the startup even more momentum.
Since Harvey launched in 2022, it has moved quickly, earning a strong lead in both customer acquisition and domain-specific knowledge. Working closely with so many law firms has allowed the company to refine and strengthen its models at a pace competitors struggle to match. Long-time investor Elad Gil believes Harvey isn’t just progressing, it is firmly leading its segment because its technology and market position “just work.”
Harvey’s rise also comes with a memorable origin story. Founder and CEO Winston Weinberg once shared how everything began with a simple proof of concept based on landlord-tenant law and a cold email to Sam Altman. That single message led to Harvey becoming one of the earliest investments of the OpenAI Startup Fund. From that moment on, the company became a favorite among top Silicon Valley investors.
In just a few years, Harvey has grown from a small legal-tech experiment into one of the most highly valued AI startups in the world. With major law firms adopting its tools and investors continuing to back its vision, the company’s momentum shows no sign of slowing down.
