Legal AI startup Harvey has raised $150 million in a funding round led by Andreessen Horowitz (a16z), boosting its valuation to $8 billion. This marks Harvey's third major funding round in 2025, with total funding reaching approximately $750 million this year. The company, which develops generative AI tools for law firms, aims to automate tasks like contract review and case document analysis. Harvey's annual recurring revenue surpassed $100 million as of August, and it employs around 350 people. The new funds will support product expansion and global market development amid growing competition in the legal AI sector.