"The company is reportedly in talks to raise another $200 million at an $11 billion valuation led by Sequoia and Singapore's GIC, sources told Forbes. If the deal closes, Harvey's valuation would jump by $3 billion in a matter of months. In December the company confirmed it had raised $160 million at an $8 billion valuation led by Andreessen Horowitz last fall. (Harvey declined to comment on its potential new raise.)"
"The startup, which offers an LLM AI for law firms, hit an annual recurring revenue rate of $190 million by the end of 2025, founder CEO Winston Weinberg shared on LinkedIn. That was up from a $100 million ARR in August ( depending on what the company means by ARR), so that's nearly double the contracted revenue in less than six months."
Harvey, a legal AI startup offering an LLM for law firms, is reportedly in talks to raise $200 million at an $11 billion valuation led by Sequoia and Singapore's GIC. The company previously raised $160 million at an $8 billion valuation and announced a $300 million Series E at a $5 billion valuation earlier. Harvey also completed a $300 million Series D at a $3 billion valuation. Annual recurring revenue rose to a $190 million run rate by the end of 2025, up from $100 million in August, nearly doubling contracted revenue in under six months.
Read at TechCrunch
Unable to calculate read time
Collection
[
|
...
]