Legal AI startup Harvey valued at $11 billion in funding round, as VCs spread bets beyond model companies
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Harvey will use its fresh capital to expand its AI agents and grow its embedded legal engineering teams.
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The 2026 CNBC Disruptor 50 list will be revealed Tuesday, May 19th CNBC Disruptor 50 Legal AI startup Harvey valued at $11 billion in funding round, as VCs spread bets beyond model companies Published Wed, Mar 25 2026 8:00 AM EDT Updated 4 Min Ago Ashley Capoot @/in/ashley-capoot/ WATCH LIVE Key Points Harvey announced it raised $200 million in fresh capital at an $11 billion valuation. The company offers AI tools for legal and professional services that can streamline contract analysis, compliance, due diligence and litigation. Harvey is showing that AI startups focused on specific industries are able to get traction even as OpenAI and Anthropic continue expanding their offerings. Harvey co-founders Winston Weinberg and Gabe Pereyra. Courtesy of Harvey With OpenAI and Anthropic soaring to a combined valuation of more than $1 trillion, some in the artificial intelligence industry fear that the two big model companies are sucking up so much of the value that there won't be much left for other startups. Harvey would like a word. On Wednesday, the legal AI company announced it's raised $200 million in fresh capital at a valuation of $11 billion. The company is among a growing crop of startups focused on deploying the latest AI technology in specialized and complex markets. Founded in 2022, Harvey offers AI tools for legal and professional services that can streamline contract analysis, compliance, due diligence and litigation. The company's products are used by more than 100,000 lawyers across 1,300 organizations, according to a release. Singapore's GIC and Sequoia led the financing, which closed just months after Harvey raised funds at an $8 billion valuation in December. Sequoia has now led three of Harvey's funding rounds, "the ultimate sign of conviction," according to Pat Grady, a partner at the venture firm. "They sort of wrote the playbook for what it means to be an AI-native application company, which is the same thing Salesforce did back in the day with the cl...
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