"The financing comes just four months after Harvey announced that Sequoia led a $300 million Series D round at a $3 billion valuation."
"The company plans to double its staff to expand its AI product offerings to other professional services, including tax accounting."
Harvey AI has successfully raised $300 million in Series E funding, achieving a valuation of $5 billion. This round was co-led by prominent investors including Kleiner Perkins and Coatue. Notably, this funding follows a $300 million Series D round just four months prior, which was led by Sequoia. The company has experienced substantial growth, reportedly expanding its staff from 340 to 680. Harvey's AI-powered legal solutions serve 337 clients, with plans to extend services into tax accounting, reflecting its ambition to broaden its market reach.
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