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Harvey, a legal AI startup, achieved an $8 billion valuation after securing $160 million in funding led by Andreessen Horowitz. This follows previous rounds totaling $600 million since 2022, including a $300 million Series D at $3 billion and a $5 billion Series E valuation. The company now serves 50 AmLaw 100 firms and corporate legal teams, with annual recurring revenue exceeding $100 million. Investors include Sequoia, Kleiner Perkins, and EQT, while VCs like Elad Gil praise its market dominance. The startup’s rapid growth highlights the role of venture capital in shaping AI industry leaders.
Key facts
- Harvey closed a $160 million funding round led by Andreessen Horowitz, valuing the company at $8 billion.
- The startup raised $300 million in Series D and E rounds, achieving $3 billion and $5 billion valuations in 2022 and 2025 respectively.
- Harvey counts 50 of the top AmLaw 100 law firms as clients and serves corporate legal teams.
- Annual recurring revenue surpassed $100 million by August 2025, according to the company’s disclosures.
- Venture capital firms are actively shaping AI market leaders through large investments that attract enterprise clients.
