TLDR:
- Harvey, a legal AI platform, raised $100M in Series C funding.
- The funding round was led by GV (Google Ventures) with participation from other notable investors.
Harvey, a San Francisco-based provider of a legal AI platform, has successfully secured $100M in Series C funding, bringing its valuation to $1.5 billion. The funding round was led by GV (Google Ventures) and saw participation from OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel. The company plans to utilize the funds to scale and enhance its AI-powered technology across various business functions and geographies. Additionally, they aim to invest in engineering, data, and domain expertise to build AI-native systems that assist in complex knowledge work.
The platform offered by Harvey includes a suite of products designed for lawyers and law firms across different practice areas and workflows. Leveraging large language models trained on intricate legal tasks and fine-tuned by domain experts, Harvey has seen significant growth since its last fundraising in December. They have tripled their ARR and doubled employee headcount, with tens of thousands of lawyers at top law firms, professional service providers, enterprises, and governments worldwide using Harvey daily.
Overall, Harvey’s success in securing significant funding and expanding its user base showcases the value and demand for AI-powered legal platforms in the legal industry.
