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.
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.
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