Harvey Raises $200M to Accelerate Legal AI Growth
Harvey, a legal AI company, has raised $200 million in funding, valuing the company at $11 billion. The investment will help Harvey scale globally and develop its AI platform, which assists law firms with tasks such as contract review and regulatory research.
Harvey has secured $200 million in new funding. The company's AI platform is designed for law firms to use, reading legal texts and creating contracts. It relies on large language models created by OpenAI and others, but trains on a specialized legal corpus of data. This allows the platform to carry out technical legal tasks with precise results. The legal technology industry is highly competitive, but Harvey has set itself apart as a leader. The company plans to use the funding to scale globally and build cutting-edge AI.
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