Harvey AI Raises $300M at $5B Valuation to Expand Beyond Legal Automation

Harvey AI, the legal AI startup transforming professional services through automation, has secured $300 million in Series E funding at a $5 billion valuation. The round was co-led by Kleiner Perkins and Coatue, with continued backing from Sequoia, OpenAI Startup Fund, Conviction, and Elad Gil.

Just four months after its $3 billion Series D, Harvey is scaling rapidly, now employing 340 staff with plans to double headcount. CEO Gabriel Pereyra is targeting expansion into tax and accounting services. With AI tools already deployed across 337 legal clients, the company’s annualized revenue run-rate has surged to $75 million. Harvey’s growth places it ahead of legacy competitors like Ironclad and Clio.