Global News
Harvey, the leading AI-powered platform for professional services, today announced the successful completion of its $100 million Series C funding round. The round was led by GV (Google Ventures) with participation from OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil, and SV Angel. This latest investment brings Harvey’s valuation to $1.5 billion, enabling the company to continue its rapid expansion and innovation across various business functions and global markets.
As Harvey celebrates its two-year anniversary, the platform is now a vital tool for tens of thousands of lawyers, professional service providers, enterprises, and governments worldwide. The company has demonstrated remarkable growth since its last funding round in December, having tripled its annual recurring revenue (ARR) and doubled its employee headcount. The diverse array of professional service providers leveraging Harvey underscores the platform's versatility and the wide range of challenges it helps to solve.
With this Series C funding, Harvey aims to build the most trusted AI platform for professional services globally. The company is committed to empowering clients to solve their most complex challenges by enhancing the platform's power, transparency, customizability, and security. This new capital will advance engineering, data, and domain expertise, which are crucial for developing AI-native systems for complex knowledge work.
Over the next year, Harvey plans to intensify its data collection and curation efforts to build and train domain-specific models. The company will also expand its team by both headcount and location to better serve its global client base. Additionally, Harvey will deepen its partnerships with cloud and model providers to integrate new models and broaden its training collaborations, continually enhancing model efficacy. These advancements will be paired with a growing suite of products and integrations designed to deliver Harvey’s models more effectively within client workflows.
The positive feedback from clients, validation from investors, and support from the team fuel Harvey’s confidence in its future. The company is poised to pioneer some of the greatest technology advancements of this generation, driving more effective decision-making in professional services. Pushing the frontier of progress remains Harvey’s ultimate goal.
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