Harvey, a leading generative AI platform for professional services, has successfully closed its Series B funding round, with Elad Gil and Kleiner Perkins as the co-leads, joined by OpenAI Startup Fund and Sequoia. This $80 million investment brings Harvey’s total funding to over $100 million and values the company at $715 million.
The company expressed gratitude to its existing investors for their continuous support and dedication, highlighting their commitment to working with the Kleiner Perkins team. Harvey also acknowledged its customers for their trust in deploying generative AI to enhance productivity and streamline workflows.
Throughout the past year, Harvey has solidified itself as a secure generative AI platform, securing the trust of leading law firms, in-house teams, professional service providers, and private equity firms. The platform has experienced exponential engagement, with revenue rising more than tenfold since April. Additionally, Harvey has emphasized the assembly of a world-class, multidisciplinary team, signaling its commitment to talent and expertise.
In collaboration with OpenAI, Harvey has developed domain-specific foundation models to address complex client needs and advance the frontier of applied AI for professional services. The funding secured from Series B will be utilized to expand custom model building, scale the company’s team, and enhance its suite of product features.
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