San Francisco: Harvey has closed a $200M Series C at an $11 billion valuation, cementing its position as the highest-valued pure-play legal AI company in the world. The round was co-led by returning backers GIC and Sequoia, with participation from Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins.
The raise is a significant step up. Harvey was valued at $8 billion just three months ago. That $3 billion jump in a single quarter reflects both strong commercial traction and intensifying investor conviction in legal AI as a standalone category.
Harvey’s platform automates the most time-intensive parts of legal work. Its AI assistant finds relevant legislation and precedents, extracts key information, and drafts initial versions of legal documents. A separate tool called Vault can run analyses across up to 100,000 documents simultaneously, a capability targeted at large-scale due diligence and contract review workflows.
The company serves law firms and enterprise legal teams, competing directly with Legora, which raised $550M at a $5.55B valuation earlier this month. Harvey’s valuation now sits at double Legora’s, a gap that reflects its earlier market entry, deeper US penetration, and broader enterprise footprint.
Capital from this round will fund expansion of Harvey’s agentic workflow products across both law firms and corporate legal departments. The company is pushing beyond AI assistance toward autonomous agents that can handle multi-step legal tasks end to end.
Legal AI has become one of the fastest-funded verticals in enterprise software. Harvey’s latest raise confirms it intends to lead that category.
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