Harvey raises USD $200 million in AI legal funding

Harvey has raised USD $200 million in a funding round that values the legal technology company at USD $11 billion.

The round was co-led by GIC and Sequoia.

Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic and Kleiner Perkins also participated, bringing Harvey's total funding to more than USD $1 billion.

The company plans to use the money to expand the agents customers run on its platform and grow the embedded legal engineering teams that support those deployments worldwide.

Harvey develops software for law firms and in-house legal teams. It says legal work is moving beyond chatbot-style tools towards agents that can run workflows from start to finish, including both high-volume and more complex tasks.

According to Harvey, more than 25,000 custom agents operate on its platform across areas including mergers and acquisitions, due diligence, contract drafting and document review. Customers are also using longer-running agents for multi-step work over extended periods, including fund formation.

Those agents are also used within Shared Spaces, a feature designed to let legal teams and external partners coordinate work securely. Harvey's legal engineers work with customers to build and refine the agents used in those workflows.

Growth push

The funding follows a period of expansion. Harvey says it now works with the majority of the AmLaw 100, more than 500 in-house legal teams and 50 asset management firms across 60 countries.

Recent customer names cited by Harvey include NBC Universal, HSBC, Corrs Chambers Westgarth, DLA Piper International and McCann Fitzgerald. It also says more than 100,000 lawyers across 1,300 organisations use its products.

That customer base points to growing adoption of AI tools in legal services, where firms and corporate law departments are under pressure to manage large volumes of document-heavy work while keeping tighter control over costs and turnaround times. Vendors across the sector are moving beyond research assistants and drafting tools towards systems that can complete sequences of legal and administrative tasks with less manual intervention.

Harvey presents the latest round as support for that broader shift in how legal work is organised, with a focus on providing the infrastructure through which legal teams can run these workflows.

"AI isn't just assisting lawyers. It's becoming the system through which legal work gets done," said Winston Weinberg, Chief Executive Officer and Co-Founder, Harvey. "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," added Weinberg.

Investor view

Sequoia has now backed Harvey in three rounds, according to the company, citing the scale of usage among lawyers as a reason for its continued support.

"Harvey has become the platform on which legal work runs," said Pat Grady, Partner, Sequoia. "Co-leading three rounds in the same company is rare for Sequoia and reflects conviction that has only grown stronger since we first partnered at the Series A. More than 100,000 lawyers around the world run their most critical work on Harvey, and we believe it's positioned to become one of the most important companies of the next decade."

Harvey also recently launched a Customer Advisory Board, adding a formal structure for customer input as it expands among large law firms, corporate legal teams and asset managers.

Harvey's latest valuation places it among the more highly valued private companies focused on legal software, a market drawing increasing investor interest as AI tools move into specialised professional work. Its pitch rests on the argument that legal departments are moving from using AI as a point tool to embedding it in repeatable workflows handled by software agents.

For law firms, that could shift more routine but demanding work away from junior lawyers and support staff. For in-house teams, it could offer a way to manage contract review, compliance and transaction support with smaller teams. Harvey says its model combines software with legal engineering support to tailor those systems to customer needs.

Its stated presence in 60 countries and among large law firms suggests the next phase of competition in legal AI will centre on deployment inside established institutions rather than one-off experimentation. More than 25,000 custom agents operate on Harvey, executing work across M&A, due diligence, contract drafting and document review.