Harvey AI ARR Hits $75 M

Harvey AI, developed by Counsel AI Corporation and widely known simply as “Harvey,” is a generative AI assistant tailored for legal professionals. Launched in 2022 and built initially atop OpenAI’s GPT‑4, this intelligent companion now integrates multiple LLMs—including Anthropic and Google—alongside its proprietary features. Designed for elite law firms and corporate legal departments, Harvey automates labor-intensive tasks like document review, contract drafting, legal research, redlining, multilingual translation, and compliance checks—streamlining workflows across in-house and external counsel.

The rapid adoption of Harvey has driven its annualized run-rate revenue (ARR) from $50 million early in 2025 to an impressive $75 million by April—an extraordinary 50% jump within months. Expansion has been fueled by key strategic alliances—most notably with PwC—and direct sales to Fortune‑level corporate legal teams and top law firms across over 50 countries.

Behind this growth, Harvey has secured substantial funding. After a $300 million Series D round in February valuing it at $3 billion, the company is now raising over $250 million in a fresh round led by Kleiner Perkins and Coatue, maintaining a valuation of $5 billion—supported by continued investment from Sequoia, GV, the OpenAI Startup Fund, and others. This latest financing will support global expansion, product improvements, and deeper enterprise adoption.