Team S on Newnex: Harvey, an AI-powered "copilot" for lawyers, has…

Harvey, an AI-powered "copilot" for lawyers, has raised $100 million…

Team S · 2024-07-23T21:06:59.000Z

Harvey, an AI-powered "copilot" for lawyers, has raised $100 million in a Series C round, bringing its total funding to $206 million and valuing the company at $1.5 billion . The round was led by GV (Google Ventures) with participation from OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel. Founded in 2022 by Winston Weinberg, a former securities and antitrust litigator, and Gabriel Pereyra, a former AI researcher, Harvey is based in San Francisco. The company's AI tool, powered by OpenAI's GPT-4, can answer legal questions, extract information from trial transcripts, and generate first drafts of legal documents. Harvey claims to be used daily by tens of thousands of lawyers at major firms and consultancies. The new funding will be used to collect and curate data for training domain-specific AI models, grow the company's headcount, and expand into new geographies. The startup's annual recurring revenue has reportedly tripled since December 2023. https://techcrunch.com/2024/07/23/openai-backed-legaltech-startup-harvey-raises-100m/

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Team S on Newnex: Harvey, an AI-powered "copilot" for lawyers, has…