Harvey

Harvey, founded in 2022 by AI researcher Gabriel Pereyra and former lawyer Winston Weinberg, is a generative AI company that develops platforms tailored for professional services, with a primary focus on the legal sector. Their technology leverages large language models trained on complex legal tasks, enabling lawyers to streamline workflows such as contract analysis, due diligence, and legal research. This integration of AI into legal processes enhances efficiency and accuracy, allowing professionals to focus more on strategic aspects of their work.

The company has attracted significant investment from prominent venture capital firms and investors. In December 2023, Harvey raised $80 million in a Series B funding round co-led by Elad Gil and Kleiner Perkins, with participation from the OpenAI Startup Fund and Sequoia Capital, bringing its valuation to $715 million. Subsequently, in July 2024, the company secured an additional $100 million in a Series C round led by GV (Google Ventures), with continued support from existing investors, elevating its valuation to $1.5 billion.

What distinguishes Harvey is its specialization in creating AI models that understand and generate human-like legal language, effectively addressing the complexities inherent in legal documentation and research. By orchestrating multiple highly specialized models, Harvey’s platform can complete comprehensive workflows beyond the capabilities of a single large language model, thereby enhancing productivity and reducing the time spent on routine tasks.

In the artificial intelligence landscape, Harvey operates within the category of AI-driven legal technology, specifically focusing on generative AI applications that assist legal professionals in drafting, analyzing, and researching legal documents. Their platform exemplifies the integration of AI into professional services, aiming to augment human expertise with advanced technological solutions.

For more information, please visit harvey.ai.

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