Particle.news
Download on the App Store

Harvey Raises $160 Million at $8 Billion Valuation in a16z-Led Round

Fresh capital positions the legal AI startup to accelerate custom model R&D for law‑firm clients.

Overview

  • The San Francisco company confirmed the financing led by Andreessen Horowitz, following reports that surfaced in October.
  • Harvey simultaneously launched Shared Spaces, a collaboration feature that lets firms and clients share playbooks, workflows, and outputs.
  • As part of the financing, the company will conduct its first tender offer to provide partial liquidity for certain long‑tenured employees.
  • CEO Winston Weinberg said spending will target hiring in new jurisdictions and increased compute for firm‑specific model customizations.
  • Harvey reports surpassing $100 million in ARR by August and serving 50 of the AmLaw 100, with investors including EQT, WndrCo, Sequoia, Kleiner Perkins, Conviction, and Elad Gil.