Harvey.

Harvey is a cutting-edge generative AI tool specifically designed for the legal industry, offering robust solutions for elite law firms facing complex legal challenges. Its main features include custom Legal Language Models (LLMs) that cater to specific legal needs, enhancing the efficiency, accuracy, and productivity of legal professionals. Harvey integrates seamlessly into existing legal workflows, enabling lawyers to handle substantial volumes of legal information more efficiently.

Harvey's platform is particularly beneficial in automating routine tasks like contract analysis and litigation assistance, allowing lawyers to focus on more strategic work. The tool also aids in regulatory compliance and provides litigation support by analyzing past case files and legal precedents to help assess risks and strategize effectively.

Deployed on Microsoft Azure, Harvey offers enhanced scalability, security, and performance, making it a reliable choice for managing sensitive legal data. With its recent expansions and partnerships, Harvey is poised to transform how legal services leverage AI, promising to significantly impact efficiency and client satisfaction across the legal sector​.

• Contract Analysis: Harvey streamlines the review process by identifying key elements and potential issues in contracts, making it easier for legal professionals to address these points efficiently​.

• Due Diligence: The tool aids law firms in conducting thorough due diligence by automating the review of large volumes of documents, which enhances the speed and accuracy of mergers, acquisitions, and other legal assessments.

• Litigation Support: Harvey provides valuable insights into legal precedents and possible litigation strategies by analyzing past case files, helping lawyers prepare more effectively for cases​​.

• Regulatory Compliance: It assists in navigating complex regulatory documents and compliance requirements, ensuring that law firms stay up to date with the latest legal standards and avoid potential violations.

• Legal Research: Harvey automates legal research tasks, enabling lawyers to generate and access comprehensive analyses of legal issues and precedents with speed and accuracy​.

The Harvey AI team is led by founders Gabriel Pereyra and Winston Weinberg, whose backgrounds combine deep technical and legal expertise. Gabriel Pereyra serves as the President and brings a strong research background from his time as a Research Scientist at DeepMind. His expertise in AI and machine learning significantly contributes to the innovative aspects of Harvey AI. On the other hand, Winston Weinberg, the CEO, comes from a legal background with experience in litigation at O’Melveny. His legal insights are crucial in tailoring Harvey AI’s features to meet the specific needs of the legal industry effectively. Together, they drive Harvey AI’s mission to enhance legal workflows through advanced AI technologies.

Harvey has impressively raised a total of $106 million across three funding rounds, underscoring strong investor confidence in its development and market potential.

• Seed Round: On November 23, 2022, Harvey initiated its funding journey with a seed round that garnered $5 million. This round included contributions from three investors, prominently featuring the OpenAI Startup Fund as the lead investor.

• Series A: Moving forward, Harvey held its Series A funding on April 11, 2023, where it successfully raised $21 million. This round attracted five investors, with Sequoia Capital at the forefront, leading the investment.

• Series B: The most recent financial boost came from the Series B round on December 19, 2023, securing a substantial $80 million. This round involved four investors, with Elad Gil and Kleiner Perkins stepping in as the lead investors.

These rounds of funding have been pivotal for Harvey, supporting its ongoing development and expansion within its industry.