Harvey Achieves $8B Valuation Amid Legal AI Surge

Harvey, a legal AI startup, has confirmed an $8 billion valuation following a recent funding round led by Andreessen Horowitz. This round raised $160 million, building on earlier funding that included a $300 million Series E round at a $5 billion valuation in June and a $300 million Series D led by Sequoia at $3 billion in February.

Harvey's customer base includes 50 of the top AmLaw 100 firms and corporate legal teams, reflecting the growing reliance on AI in the legal sector for tasks like search, summarization, and drafting. The company has reported surpassing $100 million in annual recurring revenue as of August.

Founded in 2022, Harvey's rapid ascent positions it as a leader in the legal AI market, with support from notable investors like EQT, WndrCo, and Elad Gil, highlighting strong confidence in AI-driven legal solutions.