Harvey Revenue, Valuation, Funding & Investors

Harvey is valued at $16B as of September 2026, a 38.8x revenue multiple. Harvey revenue was $400M, as disclosed with its latest round.

Last Harvey valuation

$16B

Series H · Sep 2026

Last Harvey funding round

$550M

Series H · Sep 2026

Harvey revenue

$400M

Series H · Sep 2026

Key investors in Harvey

  • Elad Gil
  • Sequoia Capital
  • Kleiner Perkins
  • Conviction
  • OpenAI Startup Fund
  • Coatue

Harvey Overview

About Harvey

Harvey is a San Francisco-based artificial-intelligence software company serving law firms, corporate legal departments and other professional-services organizations. Founded in 2022, it develops assistants and workflow tools for legal research, drafting, document review, transaction diligence and compliance. The platform combines foundation models with legal-domain workflows, firm knowledge and access controls. Customers use the software through recurring enterprise subscriptions and organization-wide deployments. By September 2026 Harvey said it served more than 3,000 customers across over 70 countries and had exceeded US$400 million of annual recurring revenue. The company also operated a Toronto office and served more than 100 Canadian law firms and legal teams. Ontario Teachers joined the second close of Harvey's 2026 Series H, extending the round while supporting hiring and customer growth in Canada.


Founded

2022

HQ

United StatesSan Francisco, CA

Website

harvey.ai

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$400M (Sep 2026)

Valuation

$16B (Sep 2026)

Harvey Valuation

Harvey is currently valued at $16B, based on its Series H in September 2026. Read the announcement ↗

The $550M round was led by Diffusion and Lightspeed Venture Partners, with participation from Conviction, Kleiner Perkins, Verified Capital, WndrCo, Evantic Capital and 8 other investors.

Harvey's valuation has grown 22x from $715M at its Series B in December 2023 to $16B in September 2026, across 8 priced rounds.

Harvey valuation by funding round

Revenue multiple
Harvey valuation by funding round
DateStageValuationRevenue Multiple
Sep 2026Series H$16B38.8x
Mar 2026Series G$11B57.9x
Dec 2025Series F$8B80.0x
Oct 2025Series E$5B50.0x
Jun 2025Series E$5B-
Feb 2025Series D$3B-
Jul 2024Series C$1.5B-
Dec 2023Series B$715M-

Harvey Revenue

Harvey's latest recorded revenue is $400M, as of its Series H in September 2026. At a $16B valuation, that implies a 38.8x revenue multiple.

Revenue grew from $100M in October 2025 to $400M in September 2026, while the revenue multiple moved from 50.0x to 38.8x.

Harvey revenue by funding round

Harvey revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Sep 2026$400M$16B38.8xSeries H
Mar 2026$190M$11B57.9xSeries G
Dec 2025$100M$8B80.0xSeries F
Oct 2025$100M$5B50.0xSeries E

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Harvey Funding History

Harvey has raised a total of $1.8B across 11 funding rounds, plus 1 secondary share sale.

Harvey's first fundraising round was a $5M seed round in November 2022. The most recent completed round was a $550M Series H in September 2026.

Harvey funding rounds

Harvey funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2026Series HDiffusion (lead); Lightspeed Venture Partners (lead); Conviction; Kleiner Perkins; Verified Capital; WndrCo; Evantic Capital; GIC; Goldman Sachs; Andreessen Horowitz; Sequoia Capital; Sapphire Ventures; Whale Rock Capital Management; Coatue; Elad Gil$550M$16BOn 9 September 2026 Harvey announced a $550 million funding round at a $15.5 billion post-money valuation, co-led by Lightspeed Venture Partners and Diffusion, a new firm co-founded by former Coatue investor Kris Fredrickson. New investors Sapphire Ventures, Whale Rock Capital Management and Verified Capital joined existing backers Sequoia, Kleiner Perkins, Andreessen Horowitz, Coatue, Conviction, Elad Gil, Evantic, GIC, Goldman Sachs Alternatives and WndrCo. The valuation was nearly double the $11 billion set in the March 2026 round led by GIC and Sequoia, and the company had by then raised well over $1.7 billion in total. Alongside the round Harvey said it had crossed $400 million in annual recurring revenue with more than 3,000 customers, including 80 per cent of the top 100 law firms and a fifth of the Fortune 500, and disclosed the acquisition of Guardrails AI, its fourth acquisition of 2026. Harvey, founded in San Francisco in 2022 by Winston Weinberg and Gabriel Pereyra, builds AI agents, document vaults, research tools and workflow software for law firms and in-house legal teams, and had recently released its first post-trained open-weight model and a legal agent benchmark. The capital is intended for model research, international expansion and further acquisitions.
Jun 2026Secondary---Flat Capital divested its entire holding in Harvey, held through a special purpose vehicle, selling to an undisclosed buyer. The disposal was announced alongside the sale of Flat's Physical Intelligence stake, the two together producing approximately SEK 180 million of gross proceeds versus roughly SEK 28 million invested. The sale was part of Flat's stated move away from passive minority positions in AI and software companies.
Mar 2026Series GGIC (lead); Sequoia Capital (lead); Conviction; Kleiner Perkins; Evantic Capital; Andreessen Horowitz; Coatue; Elad Gil$200M$11BOn 25 March 2026 Harvey announced a $200 million financing at an $11 billion valuation, co-led by GIC of Singapore and Sequoia Capital, the third Harvey round Sequoia has led. The round came only months after the company raised $160 million at an $8 billion valuation in December 2025 and about $300 million at $5 billion in June 2025, and it lifted total capital raised to more than $1.2 billion. Harvey said its products were used by more than 100,000 lawyers across roughly 1,300 organisations, including global law firms and enterprises such as NBCUniversal and HSBC, and that annual recurring revenue reached $190 million in January 2026, up from $100 million in August 2025. The company, founded in 2022 by Winston Weinberg and Gabriel Pereyra in San Francisco, builds generative AI agents and workflows for legal and professional services work such as contract analysis, due diligence, compliance and litigation. Proceeds were earmarked for expanding its AI agents and for embedded legal-engineering teams in international markets.
Dec 2025Series FAndreessen Horowitz (lead); Conviction; Kleiner Perkins; WndrCo; T. Rowe Price; Sequoia Capital; Elad Gil$160M$8BHarvey raised $160 million in a Series F round in December 2025 at a valuation of $8 billion. Andreessen Horowitz led the round, which brought in WndrCo and accounts advised by T. Rowe Price Associates as new investors, alongside returning backers Sequoia Capital, Kleiner Perkins, Conviction and Elad Gil. The financing came about two months after EQT Growth invested EUR 50 million, roughly $58 million, and raised the valuation from $5 billion set at the $300 million Series E in June 2025. Harvey said the proceeds would support the completion of its first tender offer. Harvey is a San Francisco-based generative AI company that builds a platform for legal and professional services, used by lawyers at law firms and in-house teams for drafting, research and due diligence. The company was founded in 2022 and has raised capital in rapid succession since an OpenAI Startup Fund seed round that November.
Oct 2025Series EEQT (lead); Andreessen Horowitz (lead); OpenAI Startup Fund; REV; Conviction; Kleiner Perkins; GV; T. Rowe Price; Sequoia Capital; Coatue; Elad Gil$59M$5BHarvey is a generative AI platform purpose-built for the legal industry, providing customized large language models to law firms and in-house legal teams. The platform assists legal professionals with complex tasks including contract drafting, legal research, document analysis for due diligence, litigation management, and regulatory compliance, enabling lawyers to focus on higher-value strategic work. Founded in 2022 by Gabe Pereyra and Winston Weinberg, Harvey joined the unicorn club in 2024. In June 2025, Harvey closed a $300 million Series E funding round at a $5 billion post-money valuation, led by Kleiner Perkins and Coatue. This funding round brought together prominent investors including Sequoia Capital, Google Ventures, Elad Gil, the OpenAI Startup Fund, and RELX Ventures. By August 2024, Harvey had achieved $100 million in annual recurring revenue and served 50 of the top AmLaw 100 law firms, demonstrating strong enterprise adoption just three years after founding. As of October 2025, the company expanded to 700 customers across 58 countries in the US, Europe, and Asia, and has established strategic partnerships with key industry players including LexisNexis, iManage, and Wolters Kluwer. The company has also expanded into adjacent regulated industries including professional services and private markets, reflecting its growth trajectory in the AI-powered legal services sector.
Jun 2025Series ECoatue (lead); Kleiner Perkins (lead); OpenAI Startup Fund; REV; Conviction; SV Angel; GV; Sequoia Capital; Elad Gil; DST Global$300M$5BHarvey AI, operating as Counsel AI Corporation, is a San Francisco-based legaltech company that develops custom large language models for the legal, tax, and professional services industries. Its products include modules for assistant functions, document vaults, knowledge management, and workflows, enabling automation of tasks like legal research, contract drafting, compliance, and due diligence. The platform serves 235 customers across 42 countries, including most of the top 10 US law firms, large law firms like Paul Weiss, and in-house legal teams at corporations such as KKR and PwC. On June 23, 2025, Harvey raised $300 million in a Series E funding round at a $5 billion post-money valuation, co-led by Kleiner Perkins and Coatue. Additional participants included Sequoia, GV, DST Global, Conviction, Elad Gil, OpenAI Startup Fund, Elemental, SV Angel, Kris Fredrickson, and REV (the venture capital arm of RELX Group, owner of LexisNexis). This followed a February 2025 Series D round of $300 million at a $3 billion valuation led by Sequoia with participation from Coatue, Kleiner Perkins, and others. The Series E funding aims to double headcount from over 340 employees, expand global presence, and diversify into areas like tax accounting. Prior traction included 4x annual recurring revenue growth in 2024 alongside customer expansion from 40 to 235. By end of 2025, Harvey reached $190 million ARR, up from $100 million in August 2025, though these figures post-date the June round. Harvey competes in the booming legal AI space against players like Legora, Luminace, Clio, and Ironclad, positioning itself as a leader in AI-driven professional services automation amid rapid industry adoption. The company has continued fundraising momentum post-Series E, including a $150-160 million round at $8 billion valuation led by Andreessen Horowitz, and talks of another $200 million at $11 billion by early 2026, bringing total funding over $1 billion and highlighting its breakout status in enterprise AI applications.
Feb 2025Series DSequoia Capital (lead); OpenAI Startup Fund; REV; Conviction; Kleiner Perkins; GV; Coatue; Elad Gil$300M$3BHarvey is a San Francisco-based legal AI startup founded in 2022 that provides an LLM-based AI platform specifically designed for law firms and corporate legal departments. The platform offers an integrated suite of tools including an AI Assistant, Vault for document management, and Knowledge for research to help legal professionals work more efficiently. By December 2025, Harvey had achieved significant market penetration, with over 50 of the top AmLaw 100 law firms using the platform, alongside corporate legal teams from companies including Bridgewater, Comcast, and Carvana. In December 2025, Harvey closed a Series F funding round raising $160 million at an $8 billion post-money valuation, led by Andreessen Horowitz. The round included new investors WndrCo and accounts advised by T. Rowe Price Associates, alongside returning investors Sequoia, Kleiner Perkins, Conviction, and Elad Gil. The company completed its first tender offer as part of this investment round. Harvey demonstrated exceptional revenue growth in 2025. The company surpassed $100 million in annual recurring revenue in August 2025, and by the end of 2025 had achieved $190 million in ARR, nearly doubling its contracted revenue in less than six months. This strong financial performance reflects robust customer demand and successful monetization of its legal AI offerings. Following the December $8 billion valuation round, Harvey was reported to be in talks in February 2026 to raise an additional $200 million at an $11 billion valuation led by Sequoia and Singapore's GIC, representing a $3 billion valuation increase in just a few months. The company's rapid progression through funding rounds—from $3 billion in February 2025 to $5 billion in June, $8 billion in December, and potentially $11 billion in early 2026—underscores its status as one of the breakout winners in AI enterprise applications and reflects strong investor confidence in the legal AI market opportunity.
Jul 2024Series CGV (lead); SV Angel; Kleiner Perkins; OpenAI; Sequoia Capital; Elad Gil$100M$1.5BHarvey is a San Francisco-based legal AI startup founded in 2022 by Winston Weinberg and Gabriel Pereyra, providing an AI platform with tools like an AI Assistant, Vault for document management, and Knowledge for research, tailored for law firms and corporate legal departments to boost productivity. It integrates customized large language models, including from OpenAI, to deliver comprehensive legal answers with reduced hallucinations. In July 2024, Harvey was reportedly seeking $100M in a round led by GV (Alphabet's venture fund), targeting a $1.5B valuation, doubling from its prior $80M raise in December 2023 that included OpenAI Startup Fund. The round size was scaled down from an initial $600M plan after an intended acquisition of vLEX fell through, with funds potentially aimed at enhancing AI models or expanding OpenAI partnerships. Investors aligned with the query include GV as lead, alongside prior backers like Sequoia, Kleiner Perkins, Elad Gil, OpenAI, and SV Angel. Post-July 2024, Harvey raised further: $300M Series E in June 2025 at $5B valuation co-led by Kleiner Perkins and Coatue, with participation from Sequoia, GV, DST Global, Conviction, Elad Gil, OpenAI Startup Fund, SV Angel, and others; then multiple 2025 rounds including $59M from EQT, $150M from a16z, and $160M Series F in December 2025 at $8B led by Andreessen Horowitz with Sequoia, Kleiner Perkins, Elad Gil. By end-2025, it reached $190M ARR (up from $100M in August 2025), serving 50 top AmLaw 100 firms, with partnerships like LexisNexis. Harvey competes in the legal tech space against players like Clio and Ironclad, positioning as a leader in AI for enterprise legal applications amid rapid fundraising totaling over $790M by 2026, now reportedly eyeing $200M at $11B valuation.
Mar 2024Series BFlat Capital--Flat Capital invested approximately SEK 10 million in the legal AI company Harvey through a special purpose vehicle. The investment followed a capital raise Harvey completed in December 2023 with the OpenAI Startup Fund, Sequoia Capital, Kleiner Perkins and Elad Gil, after revenue increased more than tenfold since April 2023. Flat sold the holding in June 2026.
Dec 2023Series BKleiner Perkins (lead); OpenAI Startup Fund; Sequoia Capital; Elad Gil$80M$715MHarvey is a secure generative AI platform designed for professional services, particularly legal professionals, in-house teams, and private equity firms. It augments productivity and streamlines workflows using domain-specific foundation models developed in collaboration with OpenAI. The company was founded to address complex needs in legal tasks such as contract analysis, due diligence, compliance, and litigation. On December 19, 2023, Harvey announced its $80 million Series B funding round, co-led by Elad Gil and Kleiner Perkins, with participation from OpenAI Startup Fund and Sequoia Capital. This investment brought total funding to over $100 million and valued the company at $715 million post-money. Existing investors including Elad Gil, Pat, Charlie, Brad, and Ian continued their support. At the time of the Series B, Harvey reported exponential increases in platform engagement and more than tenfold revenue growth since April 2023, establishing trust among leading law firms and enterprises. The funding was earmarked to expand custom model building, scale the team, and develop additional product features to harness generative AI potential. This round positioned Harvey as a leader in applied AI for professional services, setting the stage for subsequent raises including a Series D in February 2025 at $3B valuation and further rounds reaching multi-billion valuations by late 2025.
Apr 2023Series ASequoia Capital (lead); OpenAI Startup Fund; Conviction; SV Angel; Elad Gil$21M-In April 2023 Harvey raised a $21 million Series A led by Sequoia Capital, with participation from the OpenAI Startup Fund, Conviction, SV Angel and Elad Gil. The round followed a $5 million seed financing led by the OpenAI Startup Fund in November 2022 and brought total funding to about $26 million. Harvey was founded in 2022 by Winston Weinberg, a former securities and antitrust litigator, and Gabriel Pereyra, a former research scientist at DeepMind, Google Brain and Meta AI. The company builds generative AI tools for law firms and professional services organisations on top of OpenAI models, allowing lawyers to draft, research and analyse documents in natural language. At the time of the round the product was available on an invite-only basis, had a waitlist of more than 15,000 law firms and was in use at Allen & Overy and PwC. Sequoia partner Pat Grady joined the board. The financing was used to expand engineering and to build domain-specific models for legal work.
Nov 2022SeedOpenAI Startup Fund (lead); Jeff Dean; Elad Gil$5M-Harvey is a legal AI startup offering an LLM-based AI assistant for law firms. OpenAI Startup Fund led its seed round as the foundational backer, providing initial support to launch AI-driven legal tools. The round occurred on November 22, 2022, raising $5 million with participation from investors including Jeff Dean. Harvey's backers also include Sequoia Capital, Kleiner Perkins, Elad Gil, and Google Ventures.

Who has invested in Harvey?

25 investors have backed Harvey across its funding rounds, including Elad Gil, Sequoia Capital, Kleiner Perkins, Conviction, OpenAI Startup Fund and Coatue.

Lead investors include Diffusion, Lightspeed Venture Partners, GIC, Sequoia Capital, Andreessen Horowitz and 5 other investors.


Harvey Investors

Investors in Harvey by funding rounds participated
InvestorHQRoundsRoleFirst check
Elad GilUnited StatesUnited States10ParticipantNov 2022
Sequoia CapitalUnited StatesSan Francisco, CA9LeadApr 2023
Kleiner PerkinsUnited StatesMenlo Park, CA8LeadDec 2023
ConvictionUnited StatesUnited States7ParticipantApr 2023
OpenAI Startup FundUnited StatesSan Francisco, CA6LeadNov 2022
CoatueUnited StatesNew York City, NY5LeadFeb 2025
GVUnited StatesSan Francisco, CA4LeadJul 2024
Andreessen HorowitzUnited StatesSan Francisco, CA4LeadOct 2025
REVUnited KingdomLondon3ParticipantFeb 2025
SV AngelUnited StatesSan Francisco, CA3ParticipantApr 2023
WndrCoUnited StatesLos Angeles, CA2ParticipantDec 2025
Evantic CapitalUnited KingdomManchester2ParticipantMar 2026
GICSingaporeSingapore2LeadMar 2026

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Acquisitions by Harvey

Harvey has acquired 4 companies to date.

Last acquisition by Harvey was on September 8th 2026. Harvey acquired Guardrails AI for undisclosed valuation.


Latest Acquisitions by Harvey

Guardrails AI
Benchmark
Hexus
Mirage
Description
Guardrails AI is an open-source toolkit enforcing structured outputs and safety constraints in large language model applications. San Francisco-headquartered, it supports developers with validators for RAIL format specifications to prevent hallucinations and ensure reliable AI responses.
Benchmark is a data platform that applies artificial intelligence to organize and surface institutional knowledge for investment and asset management teams.
Hexus is an AI platform that generates scalable marketing content from single recordings, repurposing into interactive demos, guides, and blogs.
Mirage is a platform offering custom large language models to boost productivity in businesses. The company provides fine-tuned LLMs for tasks like content generation, data analysis, and automation, deployable via API for enterprise workflows.
HQ CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
San Francisco, CA
New City, NY
-
San Francisco, CA
Deal Date8 Sep 202615 Jul 202621 Jan 20268 Apr 2024
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Harvey Competitors

Harvey competitors include listed companies like Presight AI and Snowflake, and private ones like Legora, Clio, Modal Labs and Sierra.

Public and private companies comparable to Harvey
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LegoraSwedenStockholmPrivate$200M-$8.8B44.0x
ClioCanadaVancouverPrivate$400M-$5B12.5x
Modal LabsUnited StatesNew YorkPrivate$1B-$16B15.8x
SierraUnited StatesSan Francisco, CAPrivate$100M-$16B-
Presight AIUAEUAEPublicly listed$825M$214M$5.3B4.9x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$108B18.3x

Harvey Public Comps

Harvey is still privately-owned, but its public comps include IonQ, SS&C Technologies, MiniMax Group, Topicus, Presight AI, Intapp, Ncino, Affle 3i, C3.ai and Z.ai.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
IonQ$130M($531M)83.4x27.5x(20.4x)(26.4x)
SS&C Technologies$6.3B$2.1B4.2x3.9x12.4x9.8x
MiniMax Group$79M($1.9B)77.1x-(3.2x)-
Topicus$1.7B$381M3.8x3.3x17.1x11.6x
Presight AI$825M$214M6.0x4.9x23.0x19.1x
Intapp$578M($16M)5.4x5.1x(192.1x)23.6x
Ncino$595M$65M4.5x4.2x41.1x16.1x
Affle 3i$285M$67M6.3x5.6x26.7x24.7x

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Common questions about Harvey

When was Harvey founded?Harvey was founded in 2022.
Where is Harvey headquartered?Harvey is headquartered in San Francisco, CA, United States.
Is Harvey publicly listed?No, Harvey is a private, VC-backed company.
What is Harvey's valuation?Harvey was last valued at $16B in its Series H in September 2026.
How much funding has Harvey raised?Harvey has raised $1.8B across 11 funding rounds.
What was Harvey's last funding round?Harvey's last funding round was a $550M Series H in September 2026, led by Diffusion and Lightspeed Venture Partners.
Who are Harvey's investors?Harvey's investors include Elad Gil, Sequoia Capital, Kleiner Perkins, Conviction, OpenAI Startup Fund, Coatue, GV, Andreessen Horowitz, REV, SV Angel and 15 others.
What is Harvey's revenue?Harvey's latest recorded revenue is $400M (September 2026).
What is Harvey's revenue multiple?Harvey's latest valuation implies a 38.8x revenue multiple ($16B valuation on $400M of revenue).
Which companies are comparable to Harvey?Companies comparable to Harvey include Legora, Clio, Modal Labs, Sierra, Presight AI and Snowflake.
How many companies has Harvey acquired?Harvey has acquired 4 companies, including Guardrails AI, Benchmark, Hexus and Mirage.

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