Harvey Raises $100M

Harvey, an AI-driven legal tech startup backed by OpenAI, has successfully secured $100 million in Series C funding led by GV, Google’s corporate venture arm.

• Funding Round: The Series C round, led by GV, also saw contributions from OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel.

• Valuation: This investment boosts Harvey’s total funding to $206 million and raises its valuation to $1.5 billion.

• Growth Plans: The funds will be used to enhance data collection, expand the team, and extend services to new markets.

• Technology and Partnerships: Harvey will focus on advancing its AI technology and deepening partnerships with cloud and model providers.

• Market Presence: The platform is actively used by tens of thousands of legal professionals and has tripled its annual recurring revenue and workforce since December.

Harvey’s new funding will drive its expansion and technological advancements, solidifying its position in the legal tech landscape.