Harvey raises $200 million to equip law firms with AI agents


Harvey Raised $200 million in new funding for law firms’ legal infrastructure and in-house teams.

The round brings the total funding raised by Harvey to more than $1 billion and values ​​the company at $11 billion, it said on Wednesday (March 25). press release.

Harvey’s artificial intelligence (AI)-powered products streamline workflows in contract analysis, due diligence, compliance and litigation, according to the release.

More than 25,000 dedicated agents operate on the platform, and Harvey Legal engineers work with customers to build and improve agents, the statement said.

Harvey products are used by more than 1,300 customers in 60 countries, including most countries in the world. I am law 100The statement said.

We would love to be yours Favorite source of news.

Please add us to your favorite sources list so our news, statements and interviews appear in your feed. Thanks!

With the new funding, Harvey will expand the client-powered AI agents on its platform and grow the embedded legal engineering teams that support them globally, according to the release.

Advertisement: Scroll to continue

“AI is not just helping lawyers. It is becoming the system by which legal work is done,” Harvey CEO and Co-Founder Winston Weinberg he said in the release. “Law firms and in-house teams leading the way are building agents that implement complex workflows so lawyers can focus on judgment, strategy and results.”

Pat Gradypartner in Sequoiawhich co-led the financing round with Gulf Investment Corporation“More than 100,000 lawyers around the world run their most important work on Harvey, and we believe it is positioned to become one of the most important businesses of the next decade,” he said in the statement.

GIC said on Wednesday mail On LinkedIn: “Harvey’s rapid adoption across leading law firms and Fortune 500 legal departments underscores this shift (to automating routine legal work). We are excited to support the company’s continued expansion as it scales its global operations.”

Harvey’s latest funding round comes in December F series The company raised $160 million and its value reached $8 billion. Before that, the company closed in June Series E It raised $300 million at a valuation of $5 billion.

PYMNTS reported in October that AI systems are becoming embedded infrastructure in law firms and internal operations, and that investors are taking notice. At that point, funding for Legal technology The value of startups has exceeded $2.4 billion in 2025.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *