Key takeaways
- Harvey AI is valued at $11 billion as of June 2026, set by a March 2026 growth round co-led by GIC and Sequoia — its fourth mark in twelve months.
- Harvey is mentioned in 34 of the 1,150+ expert conversations we've analyzed, one of the most-cited vertical-AI names in our legal-tech coverage.
- At ~$190M ARR the round prices Harvey near 58x revenue, betting on continued doubling, single-platform standardization, and incumbents not commoditizing the layer.
- Most valuation guides stop at the headline number; what actually matters is the cadence — four up-rounds in a year is the signal, and it cuts both ways.
Mention counts from Teahose's analysis of 1,150+ expert podcast, newsletter & research summaries, June 2026.
As of June 2026, Harvey's valuation is $11 billion — a $200M growth round co-led by GIC and Sequoia, announced March 25, 2026 (company, CNBC). The defining fact isn't the number; it's the cadence. Four marks in twelve months is the fastest sustained re-pricing in vertical AI.
Key takeaways
- Confirmed: $11B (Mar 2026, GIC + Sequoia co-led). The ladder: $3B → ~$5B → ~$8B → $11B inside a year. >$1B raised.
- Revenue: $190M ARR (Jan 2026), from $100M in Aug 2025 → ~58x at the round.
- Scale: 100,000+ lawyers, 1,300+ organizations, most of the Am Law 100, 25,000+ custom agents.
- From $715M (Dec 2023) to $11B in ~27 months — the vertical-AI proof case, priced accordingly.
Each bar counts how many of Teahose's 1,150+ expert summaries mention it (word-boundary match across our podcast, newsletter, and paper corpus, June 2026).
Track the field: find the companies most similar to OpenAI and get their latest funding and product signals by email — Teahose Lookalikes.
Valuation History
| Date | Round | Raised | Valuation |
|---|---|---|---|
| Mar 2026 | Growth (GIC + Sequoia) | $200M | $11B |
| Dec 2025 | Series F (a16z) | $160M | ~$8B |
| Jun 2025 | Series E (Kleiner + Coatue) | $300M | ~$5B |
| Feb 2025 | Series D | $300M | $3B |
| Jul 2024 | Series C (GV, with OpenAI) | $100M | $1.5B |
| Dec 2023 | Series B (Elad Gil + Kleiner) | $80M | $715M |
| 2022–23 | Seed (OpenAI Startup Fund) + A (Sequoia) | $28M | — |
Sources: $11B — CNBC · round ladder — TechCrunch · history — Sacra. Intermediate 2025 marks are well-reported but secondary-sourced.
What $11B Is Pricing
Law is the perfect vertical-AI market on paper: the highest billing rates in professional services, work that is mostly reading and writing, and buyers (firms) who can pass software costs to clients. Harvey's penetration numbers say the thesis landed — most of the Am Law 100 inside three years of product existence.
The multiple (~58x) prices three assumptions: ARR keeps doubling, firms standardize on one platform rather than several, and the incumbents (Thomson Reuters, LexisNexis) plus the frontier labs don't commoditize the layer. Each is plausible; all three at once is what $11B requires. The investor cadence — four rounds in a year, each ~40–60% above the last — reads either as conviction compounding or as the purest available specimen of 2025–26 round-velocity culture. Both readings are priced into the same number; the ARR guide covers why velocity-priced multiples demand scrutiny of the revenue's contractual quality.
Latest Harvey Signals, Live
Harvey Funding & Deal Signals
Extracted live from podcasts, newsletters & primary coverage by the Teahose intel pipeline
- 01M&AHarvey acquired Benchmark, a YC-backed asset management decision platform — expanding Harvey's footprint into financeJUL 17 · Lucinda ShenJUL 17
- 02M&AHarvey...acquired Benchmark...marking its third acquisition since January as it pushes deeper into Wall Street.JUL 17 · StrictlyVCJUL 17
- 03M&AHarvey, the legal AI company, acquired Y Combinator-backed Benchmark... its third acquisition of 2026.JUL 17 · PitchBook NewsJUL 17
- 04FUNDINGCo-led Harvey's most recent $200M round at $11B valuation alongside GICJUN 18 · Sourcery NewsletterSERIES C · $200M
- 05M&AThe aqui-hires that we have done, they actually haven't been in the legal AI space or legal tech, they've been outside of it, but they're really, really good teams that could work JUN 16 · SourceryJUN 16
- 06FUNDINGBREAKING: $11B Harvey Hits $300M ARR & 13 Trillion TokensJUN 16 · Sourcery NewsletterGROWTH
- 07FUNDINGInside Harvey AI: $11B, $300M ARR, 960 Employees, 12 Offices, 13 Trillion Tokens a MonthJUN 16 · SourceryGROWTH
What to Watch Next
- The next ARR print. $190M (Jan 2026) doubling again by mid-year keeps the multiple defensible; flattening re-rates the whole vertical-AI cohort.
- Beyond law. Harvey's expansion into adjacent professional services (tax, finance) decides whether this is a legal company or a professional-work platform.
- The Legora fight. A funded direct rival plus incumbent bundling is the competitive squeeze to monitor in win-rate anecdotes.
Hit Watch on Harvey's company profile for new signals by email. Related: Sierra valuation · Glean valuation · ARR meaning.
Editorial figures as of June 11, 2026. The signal feed above updates continuously.
Bottom line: Harvey AI is worth $11 billion as of June 2026 — its fourth up-round in twelve months — and at ~58x its ~$190M ARR the mark is priced for continued doubling, so the next ARR print, not the current multiple, is what decides whether it holds.
Frequently Asked Questions
What is Harvey AI worth in 2026?
$11 billion — set by a $200M growth round announced March 25, 2026, co-led by GIC and Sequoia, with a16z, Coatue, Conviction, Elad Gil, and Kleiner Perkins participating. It was Harvey's fourth valuation in roughly twelve months: $3B (Feb 2025) → ~$5B (Jun 2025) → ~$8B (Dec 2025) → $11B. Total raised: over $1 billion.
What does Harvey AI do?
AI for legal work, expanding into professional services broadly: research, drafting, due-diligence and document-review agents. Founded in 2022 by Winston Weinberg (an ex-O'Melveny litigator) and Gabriel Pereyra (ex-DeepMind/Google Brain researcher), with the OpenAI Startup Fund leading its seed. As of the $11B round: 100,000+ lawyers across 1,300+ organizations, including most of the Am Law 100, running 25,000+ custom agents.
What is Harvey's revenue?
About $190M ARR as of January 2026, up from $100M in August 2025 — a near-double in five months. At $11B that's roughly 58x ARR, which is the entire debate: bulls read the velocity (vertical AI compounding through the world's highest-billing-rate profession), bears read the multiple.
Who competes with Harvey?
Three directions: legal-AI specialists (Legora is the most-cited direct rival, plus CoCounsel inside Thomson Reuters), the incumbents' own AI (Thomson Reuters and LexisNexis embedding assistants into research tools lawyers already pay for), and the frontier labs themselves — the standing question for every vertical AI company is whether Claude or ChatGPT plus a system prompt erodes the wedge. Harvey's answer is workflow depth and firm-grade security/permissions.
Is Harvey AI overvalued at an $11 billion valuation?
It depends entirely on whether the revenue keeps compounding. At roughly 58x its ~$190M ARR, the $11B mark is rich by any normal software standard, and bears point straight at that multiple. Bulls counter that Harvey is doubling ARR roughly every five months inside the highest-billing-rate profession in the world, with most of the Am Law 100 already on board. The fairest read: it is priced for continued doubling, not for a slowdown — so the next ARR print, not the current multiple, is what tells you if it is overvalued.
How fast has Harvey AI grown its valuation?
Faster than almost any vertical-AI company on record. Harvey went from a $715M Series B (Dec 2023) to $1.5B, $3B, ~$5B, ~$8B, and finally $11B by March 2026 — four of those marks landing inside a single twelve-month stretch, each round roughly 40 to 60 percent above the last. Total raised is over $1 billion. That cadence is the story more than any single number, and it is one reason Harvey shows up in 34 of the 1,150+ expert conversations Teahose has analyzed.
Who are the main investors in Harvey AI?
The $11B March 2026 growth round was co-led by GIC and Sequoia, with a16z, Coatue, Conviction, Elad Gil, and Kleiner Perkins participating. Earlier backers trace back to the OpenAI Startup Fund (which led the seed), Sequoia (Series A), GV, and Kleiner Perkins — a roster that has repeatedly re-upped across rounds, which itself signals insider conviction in the trajectory.