Krux
February 10, 2026
Legal AI Unicorn Harvey Skyrockets to $11B in 12 Months
Published: February 10, 2026 at 12:45 AM
Updated: February 10, 2026 at 12:45 AM
100-word summary
Harvey, the legal AI startup founded in 2022, is reportedly raising $200M at an $11B valuation—led by Sequoia and Singapore's GIC. That's a wild jump from $3B (Feb 2025), to $5B (June), $8B (Dec), and now $11B in just one year. The company serves 50 of AmLaw 100 firms across 700 clients in 63 countries, with $190M ARR by end-2025. Four funding rounds in under 12 months signals either explosive traction or frothy AI hype. This could mean legal AI is finally proving its enterprise ROI—or VCs are betting big before reality checks in.
What happened
Harvey, the legal AI startup founded in 2022, is reportedly raising $200M at an $11B valuation—led by Sequoia and Singapore's GIC. That's a wild jump from $3B (Feb 2025), to $5B (June), $8B (Dec), and now $11B in just one year. The company serves 50 of AmLaw 100 firms across 700 clients in 63 countries, with $190M ARR by end-2025. Four funding rounds in under 12 months signals either explosive traction or frothy AI hype.
Why it matters
This could mean legal AI is finally proving its enterprise ROI—or VCs are betting big before reality checks in.