"Legal AI might not sound like the sexiest category in Silicon Valley, yet Harvey's CEO Winston Weinberg has captured the attention of virtually every top-tier investor in the Valley. The company's backers read like a who's who of venture capital: the OpenAI Startup Fund (its first institutional investor), Sequoia Capital, Kleiner Perkins, Elad Gil, Google Ventures, Coatue, and most recently, Andreessen Horowitz."
"The San Francisco-based company's valuation has skyrocketed from $3 billion in February 2025 to $5 billion in June to, in late October, $8 billion - a rise that reflects both the bonkers numbers beings assigned to AI companies by their private investors and Harvey's ability to win over major law firms and corporate legal departments."
"We talked with Weinberg for this week's StrictlyVC Download podcast to ask about his wild ride so far. During that chat, he shared how a cold email sent a few summers ago to Sam Altman changed everything, why he believes lawyers will benefit rather than suffer from AI (natch), and how Harvey is tackling the technically complex challenge of building a truly multiplayer platform - where in-house lawyers can safely chat with outside stakeholders, for example - that navigates ethical walls and data permissioning across dozens of countries."
Harvey secured prominent investors including the OpenAI Startup Fund, Sequoia Capital, Kleiner Perkins, Elad Gil, Google Ventures, Coatue, and Andreessen Horowitz. Valuation climbed from $3 billion in February 2025 to $5 billion in June and to $8 billion by late October. The company reports 235 clients across 63 countries, including a majority of the top 10 U.S. law firms, and exceeded $100 million in annual recurring revenue as of August. Leadership positions view AI as augmenting lawyers' work. The company is developing a multiplayer platform that addresses ethical walls and data permissioning to enable safe collaboration among in-house and outside counsel across jurisdictions.
Read at TechCrunch
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