Harvey AI Soars to $5 Billion Valuation After Raising $300 Million in Four Months
Summary
Legal AI startup Harvey skyrockets to $5 billion valuation after securing $300 million in Series E funding, marking a 67% jump from its $3 billion valuation just four months ago as the company reaches $75 million in annualized revenue and plans aggressive expansion into tax accounting services.
Key Points
- Harvey AI raises $300 million in Series E funding at a $5 billion valuation, just four months after reaching a $3 billion valuation
- The legal automation startup plans to double its workforce from 340 to 680 employees and expand into tax accounting services beyond legal work
- Harvey reaches $75 million in annualized revenue serving 337 legal clients with AI solutions for document review and contract drafting