Legal AI Startup Harvey Raises $160M at $8B Valuation, Surpasses $100M Annual Revenue
Summary
Legal AI startup Harvey raises $160 million at an $8 billion valuation, tripling its worth since February while surpassing $100 million in annual revenue with 50 top law firms as customers.
Key Points
- Legal AI startup Harvey confirms closing $160 million funding round led by Andreessen Horowitz, achieving an $8 billion valuation
- The company experiences rapid growth with 50 of the top AmLaw 100 firms as customers and surpasses $100 million in annual recurring revenue as of August
- Harvey's valuation jumps from $3 billion in February to $5 billion in June to $8 billion currently, demonstrating significant investor confidence in legal AI applications