Harvey Just Got $550 Million to Chase Bigger AI Ambitions
Legal AI startup Harvey has raised $550 million at a $15.5 billion valuation, more than tripling its customer base since March.
In its announcement, Harvey detailed that the funding comes after it rolled out its first post-trained open-weight model and introduced Harvey LAB, a benchmarking product for legal agents. The company framed both launches as key building blocks for expanding what its platform can do for law firms and corporate legal departments.
The funds will be used to "accelerate Harvey’s efforts to help law firms, in-house legal teams and professional services firms build and own their intelligence at scale."
Harvey listed Sequoia, Kleiner Perkins, Andreessen Horowitz, Coatue, Conviction, Elad Gil, Evantic, GIC, Goldman Sachs Alternatives, Verified Capital and WNDR as returning backers in the round. It also named Diffusion, Lightspeed, Sapphire Ventures and Whale Rock as new participants.
Co-founders Winston Weinberg and Gabe Pereyra tied the raise to rising demand for AI adoption in business, saying, "The opportunity for companies to accelerate their competitive advantage with AI has never been higher.
"Harvey wants to be the global partner legal teams turn to for this work, and we plan to hire and develop the best team in the space to support our clients through the next wave of AI transformation."
Earlier this year, Harvey expanded its footprint in private markets with the acquisition of Benchmark, a New York-based decision-infrastructure platform that helps asset managers capture and apply institutional investment knowledge.
The acquisition marks Harvey’s third deal of 2026 and comes after a strong second quarter for the company, during which Harvey added more than $100 million in net-new annual recurring revenue.
Founded in 2022, Harvey develops generative AI tools that help law firms, enterprises and professional services organizations streamline research, drafting, analysis and other complex workflows. The company has increasingly targeted financial services firms as AI adoption accelerates across private equity, asset management, and investment banking.
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