Harvey ARR Hits $100M

Harvey AI, the generative AI assistant crafted by Counsel AI Corporation, has reached $100 million in annual recurring revenue (ARR) as of August 4, 2025—marking a significant milestone in its rapid ascent within the legal tech sector.

Originally founded in 2022, Harvey’s ARR surged from approximately $50 million in early 2025 to $75 million by April, and ultimately crossed the $100 million threshold, driven by robust demand from major enterprise law firms and corporate legal departments—including serving 42% of the AmLaw 100 firms—with over 500 customers across 54 countries.

Harvey’s core product leverages custom-trained large language models embedded in legally optimized workflows to automate tasks such as document review, contract drafting, legal research, multilingual translation, and compliance checks.

Targeted at elite law firms and Fortune‑level legal teams, its multi-model platform now integrates AI engines from Anthropic, Google, and OpenAI, offering both predictive precision and bespoke workflow customization—enabled by a dedicated team of ex-lawyers who embed expertise into every client deployment.

Financially, Harvey has raised over $500 million across multiple funding rounds, including a $300 million Series D in February 2025 (valuing the firm at $3 billion) and a second $300 million Series E in June 2025, which propelled its valuation to $5 billion, implying a ~67× revenue multiple based on forward ARR projections.

With ~400% year-over-year revenue growth, an expanding client base exceeding 500 globally, over 350 employees, and ambitious plans to scale into adjacent professional services, Harvey is positioning itself as the dominant AI copilot in the legal industry and beyond.