Harvey raises $80M Series B from Elad Gil, Kleiner Perkins, OpenAI and Sequoia

Global News

19
Dec
2023

Editor

Harvey - a generative AI company building the future of professional services - has successfully raised $80 million in Series B funding, co-led by Elad Gil and Kleiner Perkins, with significant contributions from the OpenAI Startup Fund and Sequoia. This latest investment boosts Harvey's total funding to over $100 million and establishes its valuation at $715 million.

The company expresses its profound gratitude to its existing investors - Elad, Pat, Charlie, Brad, and Ian - for their unwavering commitment and support. Harvey is also enthusiastic about its future collaboration with Ilya, Mamoon, Everett, and the entire Kleiner Perkins team. Additionally, Harvey acknowledges and thanks its customers for their trust in the company's capabilities in handling complex, sensitive tasks and for their partnership in utilizing generative AI to enhance productivity and streamline workflows.

Over the past year, Harvey has solidified its position as a secure and sophisticated generative AI platform for professional services. It has gained the confidence of top-tier law firms, in-house teams, professional service providers, and private equity firms. The company has seen a significant uptick in platform engagement, with revenues increasing more than tenfold since April. Furthermore, Harvey has brought together a world-class, multidisciplinary team.

In partnership with OpenAI, Harvey has developed domain-specific foundation models that cater to the intricate needs of their clients and push the boundaries of applied AI in professional services. With the Series B funding, Harvey plans to broaden its custom model development, scale its team, and enhance its suite of product features. This year marks a pivotal point in Harvey's journey, and the company is excited to further invest in its products and team, empowering its customers to fully leverage the capabilities of generative AI.