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DEVELOPING: Harvey AI Soars: $11B Valuation Imminent!

DEVELOPING: Harvey AI Valuation Set to Soar to $11 Billion

Legal AI startup Harvey is reportedly nearing an $11 billion valuation. Sources say the company is in talks to raise $200 million. Sequoia and Singapore's GIC are leading the round.

This would represent a $3 billion jump in valuation in months. Harvey offers an LLM AI for law firms. Its annual recurring revenue hit $190 million by the end of 2025.

Harvey previously raised $160 million at an $8 billion valuation last fall. In June, it secured a $300 million Series E at a $5 billion valuation.

The company declined to comment. This story is developing and further details are expected.

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This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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