Harvey reportedly amassed an $11 billion valuation just months after reaching $8 billion

There seems to be no stopping legal AI startup Harvey’s explosive growth, with venture capital constantly pouring money into it. The company is reportedly in talks to raise another $200 million at an $11 billion valuation led by Sequoia and Singapore’s GIC. Sources told Forbes magazine.

If the deal is completed, Harvey’s valuation will jump by $3 billion within months. In December, the company confirmed it had raised $160 million With a valuation of $8 billion Led by Andreessen Horowitz Last fall. (Harvey declined to comment on the potential new increase.)

Last June, it announced a $300 million Series E at a $5 billion valuation led by Kleiner Perkins and Kuato. A few months before that, in February 2025, I acquired a car driven by a Sequoia $300 million Series D With a valuation of $3 billion.

The startup, which offers LLM AI to law firms, has achieved an average annual recurring revenue of $190 million by the end of 2025, shared founding CEO Winston Weinberg. He is linkedin. This was higher than US$100 million in August (Depending on what the company means by ARR), meaning almost double contracted revenue in less than six months.

How did you become one of the breakout winners in enterprise AI applications? Weinberg recently told TechCrunch editor-in-chief Connie Loizos An incredible story of how the company originally worked She captured the hearts of Silicon Valley’s powerful venture capitalists.