There appears to be no stopping legal AI startup Harvey’s skyrocketing growth, with VCs continuing to throw money at it. The company is reportedly in talks to raise another $200 million in an $11 billion valuation led by Sequoia and Singapore’s GIC, Sources told Forbes.

If the deal closes, Harvey’s valuation will jump to $3 billion in a matter of months. In December the company confirmed that it had raised $160 million at an $8 billion valuation led by Andreessen Horowitz last fall. (Harvey declined to comment on its potential new increase.)

Back in June, it announced a $300 million Series E in a $5 billion valuation led by Kleiner Perkins and Coatue. A few months before that, in February 2025, it explored a Sequoia led $300 million Series D at a $3 billion valuation.

The startup, which offers an LLM AI for law firms, has hit an annual recurring revenue rate of $190 million by the end of 2025, shared founder CEO Winston Weinberg. is LinkedIn. That’s up from $100 million ARR in August (depending on what the company means by ARR), so the contracted income almost doubled in less than six months.

How did it become one of the breakout winners of AI business applications? Weinberg recently told TechCrunch editor-in-chief Connie Loizos a unique story of how the company originally came about claimed the hearts of powerhouse VCs in Silicon Valley.