Information published by Forbes shows that the new funding round may be led by Sequoia Capital and Singapore's national investment fund GIC. If the deal is completed, Harvey's value will increase by 3 billion USD in just a few months. Previously, in December, the company confirmed that it had raised 160 million USD with a valuation of 8 billion USD led by Andreessen Horowitz.
In 2025, Harvey continuously recorded large-scale funding rounds. In June 2025, the company raised 300 million USD in Series E with a valuation of 5 billion USD, led by Kleiner Perkins and Coatue Management. Previously, in February 2025, this business also attracted 300 million USD in Series D led by Sequoia Capital with a valuation of 3 billion USD.
Harvey develops large language models serving the legal field, helping law firms automate the process of researching, drafting and analyzing legal documents. According to CEO and founder Winston Weinberg, the company's annual periodic revenue reached about 190 million USD by the end of 2025. This figure is a sharp increase compared to the 100 million USD recorded in August of the same year.
Rapid growth has helped Harvey become one of the prominent businesses in the field of applying artificial intelligence to corporate customers. According to TechCrunch, the company has gained great interest from venture capital funds in Silicon Valley thanks to its ability to commercialize AI technology in the legal profession, a field that has high requirements for accuracy and data security.
Harvey's continuous increase in valuation shows that the wave of investment in specialized AI applications is still increasing, in the context of global businesses seeking to take advantage of technology to improve efficiency and reduce operating costs.
