Harvey has reportedly finalized a $300 million series D funding round at a $3 billion valuation.
Harvey, which is described as the domain-specific (artificial intelligence) AI platform transforming workflows for legal and professional services, has recently confirmed its $300 million Series D financing, bringing its current valuation to $3 billion.
The recent funding round was reportedly led by Sequoia Capital, along with “participation from Coatue, Kleiner Perkins, OpenAI Startup Fund, GV (Google Ventures), Conviction, and REV, the venture capital arm of RELX Group, which owns LexisNexis Legal & Professional.”
Founded by Elad Gil, Harvey is said to be “redefining how law firms and enterprises handle contract analysis, due diligence, compliance, and litigation through AI-powered workflows that drive efficiency and value.”
The platform is said to be gaining steady traction, “particularly within top law firms and corporate legal departments, as the legal industry accelerates its adoption of technology and AI-enabled processes.”
This new funding, which reportedly follows Harvey’s $100 million Series C investment round back in July of 2024, will aim to fuel “further advancements in its platform, expanding agentic workflows and integrated enterprise use cases to meet the evolving demands of the legal services market.”
The company has also shared:
“In 2024, we saw 4x annual recurring revenue (ARR) growth and expanded from 40 customers to 235 customers in 42 countries, including the majority of the top 10 US law firms. We’ve also seen the legal and professional services industry shift faster than ever before. Lawyers are adopting technology at an unprecedented rate, centuries-old firms are experimenting with new business models, and enterprises are driving significant savings with AI-enabled workflows.”
They added that the pace of change will only accelerate in the coming year.
According to the company’s management, this latest investment will enable them to continue improving their platform, “scaling agentic workflows, building out integrated enterprise use cases, and growing our team.”