Core Insights - Harvey, a startup focused on developing AI tools for law firms, has completed its third major funding round with a valuation of $8 billion [2][3] - The company raised $150 million in this funding round, led by Andreessen Horowitz, bringing its total funding for the year to approximately $750 million [3] - Harvey's annual recurring revenue has surpassed $100 million, and the company employs 350 staff members [4] Funding and Valuation - The latest funding round valued Harvey at $8 billion, indicating strong investor confidence in the legal AI market [2][3] - The company has attracted significant investment from early backers including Sequoia Capital, Coatue Management, OpenAI Startup Fund, GV, Elad Gil, and Khosla Ventures [3] Market Position and Strategy - Harvey specializes in developing generative AI products aimed at automating legal work, targeting lawyers who spend hours managing complex contracts and case files [3] - The influx of new capital will support Harvey's expansion in a competitive legal AI market [3]