Harvey, the artificial intelligence platform purpose-built for legal professionals, is finalising a $200 million funding round led by Sequoia Capital and Singapore’s Government Investment Corporation that would value the company at $11 billion — a remarkable jump from the $8 billion valuation it achieved just one month earlier, according to sources cited by tech publications on February 9, 2026. If completed, the round underscores the accelerating investor conviction that AI will fundamentally reshape the legal services industry, one of the last major professional sectors to experience meaningful software disruption.
Harvey’s platform integrates large language models — built in partnership with OpenAI and extended with specialised legal training data — into the core workflows of law firms and in-house legal teams. The product enables attorneys to conduct legal research across case law and statutes in seconds rather than hours, draft and review contracts with AI-assisted clause analysis, perform due diligence on large document sets during mergers and acquisitions, generate first drafts of briefs and memos, and identify regulatory risks across jurisdictions.
What distinguishes Harvey from generic AI assistants is its depth of legal domain specialisation and its enterprise-grade compliance architecture. Legal work demands accuracy, citation integrity, confidentiality, and jurisdictional awareness that general-purpose models cannot reliably provide. Harvey has built purpose-trained models fine-tuned on legal corpora, implemented strict data isolation ensuring client documents never cross-contaminate between firms, and developed audit trails that allow attorneys to trace and verify every AI-generated output — a necessity in a profession governed by professional responsibility rules.
Customer adoption has been rapid among elite law firms. Several AmLaw 100 firms have deployed Harvey across practice groups, and corporate legal departments at Fortune 500 companies are piloting the platform for contract management and compliance monitoring. The company has expanded internationally, with deployments in UK, European, and Asia-Pacific firms navigating different legal systems and languages.
The $200 million round would accelerate Harvey on several fronts. Product expansion includes deeper integration with case management systems, document management platforms, and e-discovery tools that form the operational backbone of law firms. International expansion requires building jurisdiction-specific legal knowledge bases for markets including Germany, France, Japan, and Australia where legal research methodologies and source materials differ substantially from US common law systems.
The valuation trajectory — from founding to an $11 billion valuation in approximately two years — reflects both Harvey’s strong execution and the premium investors assign to vertical AI platforms capturing defensible market positions in high-value professional services. Legal AI is estimated as a multi-billion-dollar annual opportunity when accounting for the fees law firms charge for work that AI can now perform at a fraction of the time.
Competition is intensifying. Established legal technology vendors including Thomson Reuters (Westlaw AI), LexisNexis, and Relativity are embedding AI into their existing platforms. Startups including CoCounsel, Ironclad, and ContractPodAi address adjacent segments. However, Harvey’s deep OpenAI partnership, first-mover relationships with elite firms, and specialised model development provide meaningful differentiation that generic AI tools cannot easily replicate.
