Harvey, a leading generative AI startup transforming the legal sector, has successfully raised an additional $300 million in a new “E stage” investment round, catapulting its valuation to a staggering $5 billion. This significant infusion of capital follows a previous $300 million Series D round in February 2025, which had valued the company at $3 billion, marking an unprecedented pace of funding growth in legal tech history.
Winston Weinberg, CEO of Harvey, confirmed the details of the latest funding round, emphasizing the company’s commitment to global expansion and enhanced product development. “The investment will be used for investing more in international expansion and supporting customers around the globe. We are in 53 countries now and want to support that growth,” Weinberg stated. He also highlighted plans for “tons of product investments into supporting law firms and large global corporates.”
The company’s rapid ascent is attributed to its innovative AI solutions that assist lawyers with complex tasks, from drafting contracts and analyzing vast datasets to answering legal questions and conducting research. Harvey’s technology is built on leading large language models, including OpenAI’s ChatGPT and Claude’s Gemini, customized with firm-specific data to ensure privacy and security. The company’s strategic approach includes a unique workforce composition, with 18% of its 340-plus employees being legal professionals, ensuring its product aligns with the intricacies of legal practice.
Harvey boasts a growing client base that includes major players like Verizon, numerous large banks, and prominent investment funds such as KKR. The company’s total funding now stands at approximately $800 million, making it one of the highest-valued legal tech startups globally. This rapid valuation increase signifies strong investor confidence, including from backers like OpenAI and Sequoia.
The announcement comes on the heels of Harvey’s recently formed alliance with LexisNexis, where Lexis will provide legal data, while Harvey focuses on legal productivity. This partnership reshapes the legal tech landscape, challenging traditional market dynamics. With over 10% of its organization dedicated to security professionals, Harvey underscores its commitment to protecting sensitive client data.
Weinberg stressed the need to support their expanding global client base across various areas, from data and storage needs to product development and collaboration with major global corporations. This massive investment positions Harvey to continue its rapid growth and solidify its position as a dominant force in the evolving legal AI market.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
