SV Angel’s Post

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.

It’s been a big year for Captions, and it’s only July. Building on this momentum, we’re excited to announce our $60M Series C, led by Index Ventures. That brings our total capital raised to $100M, which we’ll be investing in AI video research right here in New York City. We built Captions to make it easy for anyone, anywhere to tell their story with a video — we believe that AI unlocks new possibilities to generate and edit talking videos, and that AI will change the future of video as we know it. Looking at the past year, there’s a lot to be proud of: we hit 10M+ global creators, launched a collection of world-first generative features, and our customers created over 3M videos each month — telling diverse stories, transcending language barriers, and even falling in love, as profiled in the New York Times. Our team also grew from 15 to 60 here in New York City. We’re thrilled to welcome back returning investors Kleiner Perkins, Andreessen Horowitz, and Sequoia Capital, and new investors Adobe Ventures, HubSpot Ventures, and Jared Leto to this round. We’re grateful for your support. Read more about our fundraise in Bloomberg News, covered by Rachel Metz. If you’re interested in joining a fast-moving team that’s defining the future of AI in video, check out our careers page: https://lnkd.in/gYQ-B8mm —we’d love to talk.