In the past few months, Harvey, an open AI powered legal technology startup, has skyrocketed to prominence in the Valley’s dynamic. Harvey was co-founded by Winston Weinberg and Gabe Pereyra, it’s quickly making waves all around the world. Today it is operating in more than 60 countries and serves 235 clients including many of the top ten law firms in the United States. The company’s valuation, which had been $3 billion in Feb 2025. By late October 2025, it ballooned to an outrageous $8 billion.
Harvey’s expertise lies in designing and developing a secure multiplayer platform that makes it safe and productive for in-house legal teams to communicate and collaborate with outside stakeholders. This game-changing method addresses one of the most pressing issues plaguing the legal industry. Lawyers are hungry as ever to find new ways to streamline their communications and process flows.
Harvey has done very well for himself to say the least. Other critics say it’s nothing new and just a rebranded bundle of emerging technologies, including ChatGPT. Weinberg still believes that Harvey’s special capabilities distinguish it on an increasingly populated legal tech field.
That’s quite a remarkable fiscal arc Harvey has realized. Since August 2025, the company has well passed the $100 million annual recurring revenue mark. This expansion is mostly driven by attorneys. There are about 8 to 9 million of them all over the world. Right now, corporate clients make up only 33% of Harvey’s revenue. Projections suggest that this percentage might be even higher—approximately 40%—by the close of this year.
The startup has captured the attention of virtually every top-tier investor in Silicon Valley, drawing initial interest from angel investors through OpenAI. Harvey’s unique platform attracting this backing has given Harvey the money and talent to develop a powerful, groundbreaking platform.
Maintaining a strong business foundation “is critical for attracting investment,” said Winston Weinberg, CEO of the Chicago-based international engineering firm Harvey.
“I strongly believe that the best way to raise money is to just make sure your company is doing super well.” – Winston Weinberg
Weinberg’s priorities show a narrowed-in, business-minded approach to operations as well as industry partnerships.
“99% of your time, focus on the business going well, and then spend time trying to find a few folks that you really think you can partner with and that will be there for you for the long run.” – Winston Weinberg
Harvey’s ambition is to automate part of the legal diligence process, especially in fields such as mergers & acquisitions (M&A). By harnessing innovative technologies, the platform helps lawyers speed up initial evaluations and focus on the most promising claims.
The company’s unusual focus on crafting a unique multiplayer foundation—with heavy influence from games—is demonstrated in everything they’re working on. Weinberg emphasizes the importance of collecting workflow data to continuously improve what they are providing.
“The largest advantage we have over time is two things. One, we’re collecting a tremendous amount of workflow data — what are the main use cases these models can actually do?” – Winston Weinberg
As always, Harvey is constantly innovating to find ways to raise the quality of legal assessments. This is critically important during complicated reviews, such as those related to merger agreements.
At close to 400 employees, Harvey has more than made its mark as a legal technology powerhouse in just a few short months. The startup is catapulting straight to the top. This same increase is part of a larger industry trend of law firms incentivizing training the best possible partners.
As Weinberg puts it, the future of law firms will depend on a firm’s ability to build talent at scale and at speed.
“The goal of law firms in the next five to ten years is: how fast can you train the best partners?” – Winston Weinberg
As it scales further along its rapid growth path, Harvey is resolute on perfecting its platform and distance expanding its global reach. The company’s commitment to innovation has made it better equipped than most to navigate the changing legal waters.