There seems to be no stopping authorized AI startup Harvey’s skyrocketing progress, with VCs repeatedly throwing cash at it. The corporate is reportedly in talks to lift one other $200 million at an $11 billion valuation led by Sequoia and Singapore’s GIC, sources told Forbes.
If the deal closes, Harvey’s valuation would leap by $3 billion in a matter of months. In December the corporate confirmed it had raised $160 million at an $8 billion valuation led by Andreessen Horowitz last fall. (Harvey declined to touch upon its potential new increase.)
Again in June, it introduced a $300 million Collection E at a $5 billion valuation led by Kleiner Perkins and Coatue. Just a few months earlier than that, in February 2025, it devoured up a Sequoia-led $300 million Series D at a $3 billion valuation.
The startup, which gives an LLM AI for legislation corporations, hit an annual recurring income charge of $190 million by the tip of 2025, founder CEO Winston Weinberg shared on LinkedIn. That was up from a $100 million ARR in August (relying on what the corporate means by ARR), in order that’s practically double the contracted income in lower than six months.
How has it develop into one of many breakout winners of AI enterprise functions? Weinberg lately advised TechCrunch’s editor-in-chief Connie Loizos an unbelievable story of how the corporate initially claimed the hearts of Silicon Valley’s powerhouse VCs.
