Harvey announced that it has raised $200 million in new funding, valuing the company at $11 billion as it accelerates the expansion of its AI-powered legal agents across law firms and enterprises.
The round was co-led by Sequoia Capital and GIC, with participation from existing investors including Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins. The new capital will be used to expand the number of AI agents running on Harvey’s platform and to grow its global legal engineering teams.
The company is positioning itself at the center of a major shift in the legal industry, where AI agents are increasingly taking over high-volume and complex workflows. These agents are designed to execute tasks end-to-end, including mergers and acquisitions work, due diligence, contract drafting, and document review, reducing the need for manual legal labor.
Harvey reports that more than 25,000 custom agents are already operating on its platform. Customers are also deploying more advanced “long-horizon agents,” which can manage multi-step workflows over extended periods for complex use cases such as fund formation. Additionally, teams are using shared environments to collaborate securely across internal and external legal stakeholders.
The company has seen rapid adoption, now working with the majority of the AmLaw 100, over 500 in-house legal teams, and 50 asset management firms across 60 countries. Its customer base includes major organizations such as NBCUniversal, HSBC, Corrs Chambers Westgarth, DLA Piper International, and McCann Fitzgerald.
Harvey also recently launched a Customer Advisory Board, and the platform is now used by more than 100,000 lawyers across 1,300 organizations globally. With this latest round, the company has raised over $1 billion in total funding.
The company describes itself as an operating system for legal and professional services, helping organizations streamline workflows across contract analysis, compliance, litigation, and due diligence to improve efficiency and decision-making.
KEY QUOTES:
“AI isn’t just assisting lawyers. It’s becoming the system through which legal work gets done. 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.”
Winston Weinberg, CEO and Co-Founder of Harvey
“Harvey has become the platform on which legal work runs. 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.”
Pat Grady, Partner at Sequoia Capital
