- AI legal copilot Harvey raises $100M in Series C funding led by Google Ventures, reaching a $1.5B valuation.
- Plans to enhance AI systems for complex legal work, focusing on data gathering and specialized model training.
- Harvey uses GPT-4 to assist lawyers across various practice areas, competing with other AI-driven legal tech solutions.
Harvey, a California-based startup that develops an AI-powered "copilot" for lawyers, has secured $100 million in a Series C funding round led by Google Ventures (GV).
This funding round also witnessed participation from notable investors like OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel, increasing Harvey's total funding to $206 million and valuing the company at $1.5 billion.
The company plans to use the new funds to enhance its engineering, data, and specialized knowledge for developing AI-driven systems that support complex knowledge work.
In the upcoming year, the company will prioritize gathering and refining data to develop and train specialized models. Additionally, it plans to expand its team and extend its geographical presence to better serve its international clientele.
Founded in 2022 by Winston Weinberg and Gabriel Pereyra, Harvey uses OpenAI’s GPT-4 to offer a legal assistant that helps lawyers with client issues in various practice areas and legal systems.
Harvey competes with several other AI-driven legal tech solutions. Casetext, for instance, uses OpenAI models to find legal cases and assist with research and brief drafting. Meanwhile, Klarity focuses on streamlining contract review with AI.
Edited by Harshajit Sarmah
