Big congrats to Harvey on today’s Series C announcement! We recognized that Winston Weinberg and Gabe Pereyra were special founders early on, and we are thrilled to deepen our partnership with the Harvey team and continue supporting the company on their mission to build the most trusted AI platform for professional services.
Harvey has officially closed a $100M Series C at a $1.5B valuation led by GV (Google Ventures) with participation from OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel. Harvey is being used by the largest professional service firms and Fortune 100 enterprises to help elevate mastery on tasks that used to take months and cost millions of dollars, reducing time spent and increasing quality. Since our last fundraise in December, we’ve tripled our ARR and doubled our headcount. Our suite of tools, integrations, and custom AI models are expanding and enabling professional service experts to research, analyze, and review complex matters in a secure, collaborative environment. With this new capital, we expect to make Harvey accessible to all lawyers while expanding the platform to new partners by evolving Harvey’s core functionality for professional services and enterprises beyond law. Our expansion plans include: 1. Empower clients to build their own generative AI systems and custom workflows via our product suite and APIs. 2. Expand choice by establishing partnerships with other leading foundation model providers and deepen trust by enabling clients to deploy open-source and on-premise foundation models. 3. Establish industry-standard evaluation metrics across use cases to provide our clients transparency and clarity about generative AI’s strengths, weaknesses, and development as models and systems increase in sophistication. I am grateful to our clients, our investors, and the entire Harvey team for all the work that has helped us reach this milestone.