Source: Tech Crunch
Harvey, a startup building what it describes as an AI-powered “copilot” for lawyers, has raised $100 million in a Series C round led by GV, Google’s corporate venture arm.
The tranche, which also had participation from heavy-hitting angels and VCs OpenAI, Kleiner Perkins, Sequoia Capital, Elad Gil and SV Angel, brings Harvey’s total raised to $206 million and values the firm at $1.5 billion.
In a post on Tuesday on Harvey’s official blog, co-founders Winston Weinberg and Gabriel Pereyra said that the bulk of the new capital will be put toward collecting and curating data to build and train “domain-specific” AI models while growing Harvey’s headcount and expanding its paid services to new geographies.
“This investment will enable Harvey to continue scaling and improving our AI-powered technology across business functions and geographies,” Weinberg and Pereyra said. “We will use this new capital to invest in the engineering, data and domain expertise that are fundamental to building AI-native systems that facilitate the most complex knowledge work. We will also deepen our partnerships with both cloud and model providers to integrate additional models into Harvey and broaden our training collaborations to continue improving model efficacy.”
Read full article: https://techcrunch.com/2024/07/23/openai-backed-legaltech-startup-harvey-raises-100m/
