Harvey Hits $11B Valuation in Bet on Legal AI Over Models
Dev.to AI
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Generative AI
AI Research
AI Business
Harvey, the legal AI startup founded by former Meta AI researcher Winston Weinberg and attorney Gabriel Pereyra, has closed a $300M Series D at an $11B valuation - than triple its $3B price tag from early 2024. Sequoia Capital led the round with participation from OpenAI's startup fund, Kleiner Perkins, and Elad Gil. The financing makes Harvey one of the most valuable vertical AI companies in existence and sends a clear signal: investors believe the money in generative AI won't all flow to the foundation model builders. Why Legal Tech, Why Now Harvey doesn't build large language models.