Four months after a $3B valuation, Harvey AI grows to $5B

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Harvey AI, a startup that provides automation for legal work, has raised $300 million in Series E funding at a $5 billion valuation, the company told Fortune. The round was co-led by Kleiner Perkins and Coatue, with participation from existing investors, including Conviction, Elad Gil, OpenAI Startup Fund, and Sequoia.

The financing comes just four months after Harvey announced that Sequoia led a $300 million Series D round at a $3 billion valuation.

While many AI companies aim to keep headcount low, Harvey is rapidly expanding its staff….



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Four months after a $3B valuation, Harvey AI grows to $5B


Harvey AI, a startup that provides automation for legal work, has raised $300 million in Series E funding at a $5 billion valuation, the company told Fortune. The round was co-led by Kleiner Perkins and Coatue, with participation from existing investors, including Conviction, Elad Gil, OpenAI Startup Fund, and Sequoia.

The financing comes just four months after Harvey announced that Sequoia led a $300 million Series D round at a $3 billion valuation.

While many AI companies aim to keep headcount low, Harvey is rapidly expanding its staff….



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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