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Legal AI startup Harvey secures $8 billion valuation after $160 million funding round

Legal AI startup Harvey secures $8 billion valuation after $160 million funding round
Harvey, a legal artificial‑intelligence startup founded in 2022, announced the close of a new funding round led by Andreessen Horowitz that lifts its valuation to $8 billion. The round raised $160 million, adding to earlier $300 million raises that valued the company at $5 billion and $3 billion in the preceding months. Investors now include Andreessen Horowitz, Sequoia, EQT, WndrCo, Kleiner Perkins, Sarah Guo’s Conviction, and Elad Gil. Harvey serves roughly 50 of the top AmLaw 100 firms and corporate legal teams, and it recently reported surpassing $100 million in annual recurring revenue. Leer más →

Harvey Scales Legal AI Platform with Expanding Global Client Base

Harvey Scales Legal AI Platform with Expanding Global Client Base
Harvey, a legal artificial‑intelligence startup founded by Winston Weinberg and Gabe Pereyra, has attracted top venture investors and grown its valuation dramatically. The company now serves hundreds of clients across dozens of countries, offering AI‑driven drafting, research and document analysis tools. Harvey focuses on a multiplayer platform that handles complex permissioning and data‑residency requirements for law firms and corporate legal teams. While its revenue mix is shifting toward corporate customers, the firm remains seat‑based with plans for outcome‑based pricing as its workflows mature. The startup sees a vast, untapped market for AI in legal work. Leer más →