Investing.com -- Sequoia Capital is reportedly in discussions to spearhead a $300 million funding round for Harvey, a San Francisco-based startup that creates generative artificial intelligence tools for law firms, according to Bloomberg.
The startup, officially known as Counsel AI Corp., has been valued at $3 billion in this funding round. Prior to this, Harvey had raised over $200 million and had been valued at $1.5 billion in 2024, as per data from PitchBook. Among its investors are the OpenAI Startup Fund, Elad Gil, Kleiner Perkins, and Sequoia Capital, which first invested in Harvey in 2023.
Harvey, named after the lead character of the legal drama Suits, is led by Chief Executive Officer Winston Weinberg. The company operates in a competitive market, contending with other well-funded legal AI companies such as EvenUp Inc. and Robin AI.
Both Sequoia Capital and a representative for Harvey have chosen to remain silent on the matter.
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