Source: Legal IT Insider
By Caroline Hill
Generative AI startup Harvey has raised a $21M Series A led by Sequoia with participation from the OpenAI Startup Fund, Conviction, SV Angel and Elad Gil. This follows $5m of investment from the OpenAI Startup Fund in November.
Founded in 2022, Harvey hit the headlines in earnest in the legal sector earlier this year, when magic circle law firm Allen & Overy announced that it is partnering with the San Francisco-headquartered company.
In a blog post announcing the $21m investment, Harvey, which was founded by Winston Weinberg, a former securities and antitrust litigator at O’Melveny & Myers, and Gabriel Pereyra, formerly a research scientist at DeepMind, said: “GPT-4 marks a shift in how professional services will be provided and consumed. Large language models have the potential to give knowledge workers superpowers by solving complex tasks efficiently and accurately. The best part: these solutions don’t leave knowledge workers without work; they allow them to focus on the quintessential aspects of their professions—strategy, advice, and judgment—the exact work that makes the long hours, in school and at the job, worthwhile.”
Read full article: https://legaltechnology.com/2023/04/27/investment-harvey-raises-21m-series-a-and-dori-comes-out-of-stealth-mode-with-2m-seed-raise/
