Harvey has announced that it has raised $80M Series B funding. Their Series B is co-led by Elad Gil and Kleiner Perkins with participation from OpenAI Startup Fund and Sequoia. The $80 million investment brings Harvey’s total funding to over $100 million and values Harvey at $715 million.
Harvey is grateful to its existing investors Elad, Pat, Charlie, Brad, and Ian for their ongoing commitment and support, and looks forward to working closely with Ilya, Mamoon, Everett and the rest of the Kleiner Perkins team. They also thank their customers for trusting Harvey for complex, sensitive work and for partnering with them in deploying generative AI to augment productivity and streamline workflows.
Over the past year, Harvey has established itself as a secure generative AI platform for sophisticated professional services and has earned the trust of leading law firms, in-house teams, professional service providers and private equity firms. Engagement on the platform has increased exponentially, revenue has risen more than tenfold since April and they have assembled a world-class, multidisciplinary team.
In collaboration with OpenAI, Harvey has developed domain-specific foundation models to address the most complex needs of their clients and advance the frontier of applied AI for professional services. Looking ahead, they will use their Series B funding to expand their custom model building, scale their team and build out their suite of product features. This year has been transformative for Harvey, and they are energized to invest in their products and team to enable their customers to harness the full potential of generative AI.