Harvey revenue, valuation & funding

At a glance

• Valuation: $15.5B at its latest round, a $550M raise announced in September 2026. Bloomberg put the round at $15.6 billion.
• Revenue: more than $400M in annual recurring revenue by September 2026, as reported. It's a run rate, which isn't audited revenue.
• Status: private. No stock ticker and no IPO filing as of October 2026.
• Founded: summer 2022, by Winston Weinberg and Gabe Pereyra.
• CEO: Winston Weinberg.
• Investors: Sequoia, Kleiner Perkins, a16z, Coatue, GIC, Lightspeed, Diffusion and the OpenAI Startup Fund, among others.
• Products: a legal AI platform with Agents, Vault and Knowledge, apps such as Contract Intelligence, and its own model, Harvey Tenet.
• Headquarters: San Francisco, California.
• On Real Alpha: 13 moments of its people talking, from 2 interviews.

Is Harvey public? Can you buy its stock?

No. Harvey is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol. It had not filed for an IPO as of October 2026, according to Revenue Memo.

Winston Weinberg is the co-founder and CEO. He told The Lawyer in October 2025 that a listing was "on the horizon," as Revenue Memo reports. No timeline has been announced.

Until then, its shares are held by its founders, staff and investors. Its first tender offer ran alongside the December 2025 round and let some long-tenured employees sell shares, per Revenue Memo. The size wasn't disclosed. This page reports facts and gives no investment advice.

Valuation, round by round

Harvey's valuation went from $8B in December 2025 to $15.5B in September 2026, nearly doubling in about nine months.

Forbes reported the $11B round in talks in February 2026, and it is said to have closed in March, but we found no primary report of the close. Earlier rounds, from a $5M seed in November 2022 to a $5B Series E in June 2025, appear only on data sites and aren't confirmed.

Revenue

Reporters put Harvey's annual recurring revenue at $100M in August 2025 and more than $400M by September 2026, about four times in a year.

ARR and annualised revenue are a month's revenue times twelve. Neither is audited revenue. The $400M for August 2026 is Sacra's estimate, while The Information put the figure above $350m that month.

How Harvey makes money

Harvey sells seats to law firms and in-house legal teams. Per Sacra, accounts typically start with a few hundred licenses for research, drafting and diligence.

• Pricing. Sacra estimates the base offering starts at $1,200 per lawyer per month, with 12-month commitments and roughly 20-seat minimums. Sacra
• Falling margins. Bloomberg reported in September 2026 that gross margin fell from about 50% at the start of the year to about negative 50% by June. Its source was a person familiar with the figures. Revenue Memo
• A turn after Tenet. Bloomberg reported that margins turned positive after Harvey's own model launched in August 2026, along with other changes to how it uses AI. Harvey declined to comment on specific financials. Under Current

Products

Harvey sells a legal AI platform and apps built on it. It bought Hexus in January 2026, the Lume AI team in March, Benchmark in July and Guardrails AI in September.

Aida, a sales execution platform, followed in October as its fifth acquisition of 2026, Dealroom reports.

• Platform. Agents, Vault, Knowledge, Spaces, Command Center, Memory and Legal Work Orchestration, as listed on Harvey's site. Harvey
• Apps. Contract Intelligence, Horizon Scanning, Intake, and Facts & Chronologies. Harvey
• Agent Builder (March 2026). A no-code tool for firms to build their own task-specific agents. Sacra
• Harvey Tenet (August 2026). Its first in-house model, built from the open-weight Kimi K3 and post-trained on legal data with Fireworks. TechCrunch
• Harvey on Azure (May 2024). Harvey launched its products on Microsoft Azure and said it would offer this version going forward. Wikipedia

Customers

Harvey says it is used by more than 3,500 customers in more than 85 countries, on its company page. That page doesn't date the figure.

At its September 2026 funding announcement, Harvey said 80% of Am Law 100 law firms use it. Five of the Fortune 10 do too, it said.

Allen & Overy said in February 2023 that it had been trialing Harvey since November 2022 within its Markets Innovation Group, according to Wikipedia.

Leadership

The two founders were roommates in Los Angeles and started Harvey in the summer of 2022, according to Sacra.

• Winston Weinberg, co-founder and CEO. He was a securities and antitrust litigator at O'Melveny & Myers. Sacra
• Gabe Pereyra, co-founder and president. He was a research scientist at Google DeepMind and Meta AI. Wikipedia
• Keith Enright, chief strategy officer since March 2026. He was a partner at Gibson Dunn and earlier Google's chief privacy officer. Artificial Lawyer
• Gordon Moodie, a Wachtell Lipton corporate partner who joined as chief product officer in July 2023. Wikipedia

Who owns Harvey?

Its founders, staff and investors. No investor's stake has been disclosed, according to Revenue Memo.

Wikipedia names Counsel AI Corporation as the company that develops Harvey.

• Sequoia is its most consistent backer. It led the Series A and Series D and co-led the March 2026 round. Revenue Memo
• Diffusion and Lightspeed Venture Partners co-led the $550M round in September 2026. Harvey's blog
• Kleiner Perkins, a16z, Coatue, Conviction, Elad Gil, GIC and Goldman Sachs Alternatives were among the existing investors in the September 2026 round. Sapphire Ventures and Whale Rock joined as new ones. Harvey's blog
• Andreessen Horowitz led the $160M round at an $8B valuation in December 2025. TechCrunch
• Goldman Sachs and JPMorgan made a strategic investment in the weeks before August 7, 2026. The amount wasn't disclosed. The Next Web
• GV, EQT and the OpenAI Startup Fund are among the backers listed on Harvey's company page. Harvey

Competitors

Harvey and Legora have raised large sums and moved into each other's markets. TechCrunch wrote in April 2026 that the two "now have dueling ad campaigns."

• Legora, a Swedish-born legal AI startup that TechCrunch reported at a $5.6B valuation in April 2026. TechCrunch
• Anthropic, which Sacra says moved into direct competition with Harvey by launching a legal plugin. Sacra
• CoCounsel, ROSS Intelligence and Blue J Legal, listed by Sacra as direct rivals in enterprise legal AI. CoCounsel came from Casetext, which Thomson Reuters bought. Sacra

Timeline and latest news

From its founding to the latest reports, newest first.

1. Oct 29, 2026Latest
   Acquired Aida, an AI-native sales execution platform, its fifth acquisition of 2026. Dealroom
2. Sep 9, 2026Latest
   Raised $550M at a $15.5B valuation, co-led by Diffusion and Lightspeed Venture Partners. Harvey's blog
3. Aug 7, 2026Latest
   The Information reported annualised revenue above $350m, up over 80% from $190m in January. The Next Web
4. Aug 2026
   Announced Harvey Tenet, its first in-house model, built from Kimi K3. TechCrunch
5. Aug 2026
   Took a strategic investment from Goldman Sachs and JPMorgan. The amount wasn't disclosed. The Next Web
6. Mar 23, 2026
   Hired Keith Enright, a former Gibson Dunn partner, as chief strategy officer. Artificial Lawyer
7. Feb 9, 2026
   Forbes reported Harvey in talks to raise $200M at an $11B valuation. Forbes
8. Jan 23, 2026
   Acquired Hexus, a startup building product demo, video and guide tools. TechCrunch
9. Dec 4, 2025
   Confirmed a $160M round at an $8B valuation, led by Andreessen Horowitz. TechCrunch
10. Oct 2025
    Winston Weinberg told The Lawyer that a listing was on the horizon. Revenue Memo
11. Aug 2025
    Passed $100M in annual recurring revenue. Revenue Memo
12. Feb 2023
    Allen & Overy said it had been trialing Harvey since November 2022. Wikipedia

In their own words, and what followed

What people said about the business, with the minute they said it, and what was reported after.

What others say about Harvey

Moments where people outside the company talk about it.

Questions people ask

Is Harvey a public company? Can I buy Harvey stock?

No. Harvey is private and has no ticker, so its shares aren't sold on any exchange. It hadn't filed for an IPO as of October 2026.

When will Harvey IPO?

No date has been set. Winston Weinberg told The Lawyer in October 2025 that a listing was "on the horizon," per Revenue Memo.

Who owns Harvey?

Its founders, staff and investors, including Sequoia, Kleiner Perkins, a16z, Coatue, GIC, Lightspeed and Diffusion. No stake has been disclosed.

Who is the CEO of Harvey?

Winston Weinberg, a co-founder and former securities and antitrust litigator at O'Melveny & Myers.

Who founded Harvey?

Winston Weinberg and Gabe Pereyra, in the summer of 2022. Pereyra, now president, was a research scientist at Google DeepMind and Meta AI.

How much is Harvey worth?

$15.5B at its latest round, a $550M raise announced in September 2026 by Harvey. Bloomberg put the round at $15.6 billion.

How much revenue does Harvey make?

More than $400M in annual recurring revenue by September 2026, as Revenue Memo reports, citing The Next Web. That's up from about $190M in January 2026.

Is Harvey profitable?

Harvey declined to comment on specific financials. Bloomberg reported in September 2026 that its gross margin had fallen to about negative 50% by June, per Revenue Memo. Margins later turned positive, Bloomberg reported.

How does Harvey make money?

It sells seats on its legal AI platform. Sacra estimates the base offering starts at $1,200 per lawyer per month, with 12-month commitments.

How many customers does Harvey have?

Harvey says more than 3,500 customers in more than 85 countries use it. It also says 80% of Am Law 100 firms do, on its blog.

Every moment from Harvey's people

13 moments from 2 interviews on 2 shows, newest first. Each one plays from the minute it starts.

People on Real Alpha

• Winston Weinberg, Co-founder & CEO, Harvey · 13 moments
• Gabe Pereyra, Co-founder & President, Harvey

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