Harvey today (25 May) announced $200 million in new funding co-led by returning investors GIC and Sequoia. The round values Harvey at $11 billion and includes participation from existing investors Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic, and Kleiner Perkins. Harvey says that the investment will be used to expand the agents customers run on Harvey and grow the embedded legal engineering teams supporting them globally.
“AI isn’t just assisting lawyers. It’s becoming the system through which legal work gets done,” said Winston Weinberg, CEO and co-founder of 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.”
In a blog post noting the raise today, Harvey said that more than 25,000 custom agents operate on Harvey, executing work across M&A, due diligence, contract drafting, and document review. Customers are increasingly deploying long-horizon agents that handle multi-step workflows over extended periods for complex use cases such as fund formation. They are also deploying agents within Shared Spaces to securely coordinate work across legal teams and their external partners. Harvey’s legal engineers work alongside customers to build and continuously improve the agents that run their work.
Pat Grady, a partner at Sequoia, said: “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.”
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