Krux
April 19, 2026
Harvey Hits $11B Valuation as Sequoia Triples Down
Published: April 19, 2026 at 12:38 AM
Updated: April 19, 2026 at 12:38 AM
100-word summary
Legal AI platform Harvey closed $200 million at an $11 billion valuation, led by Sequoia and Singapore's GIC. Sequoia is now backing Harvey for the third time, a rare vote of confidence in vertical AI. The company has crossed 100,000 lawyers using its platform across most AmLaw 100 firms and 500+ corporate legal departments in 60 countries. Total raised now tops $1 billion. The money will fund AI agents that automate legal work and expand engineering teams embedded inside client firms. The bet: law firms will pay premium prices for AI purpose-built for their workflows rather than generic chatbots. If Harvey's traction holds, the era of $500-per-hour associates doing discovery...
What happened
Legal AI platform Harvey closed $200 million at an $11 billion valuation, led by Sequoia and Singapore's GIC. Sequoia is now backing Harvey for the third time, a rare vote of confidence in vertical AI. The company has crossed 100,000 lawyers using its platform across most AmLaw 100 firms and 500+ corporate legal departments in 60 countries. Total raised now tops $1 billion. The money will fund AI agents that automate legal work and expand engineering teams embedded inside client firms. The bet: law firms will pay premium prices for AI purpose-built for their workflows rather than generic chatbots.
Why it matters
If Harvey's traction holds, the era of $500-per-hour associates doing discovery may be ending faster than partners expected.