HarveyTranslation site

Harvey's Company Profile

Harvey is a U.S. startup founded in 2022 and headquartered in San Francisco that focuses on developing domain-specific AI for the legal and professional services sector.Its founders, Gabe Pereyra and Winston Weinberg, were former roommates, with Pereyra as a research scientist in the field of AI and Weinberg as a former securities and antitrust litigator. The two applied AI technology to legal work, eventually founding Harvey.

The company utilizes OpenAI and ChatGPT technologies to build AI platforms designed for legal work, providing document drafting, legal research, contract review, and other functions, targetingLegal servicesIndustries.Harvey is committed to revolutionizing the legal and related industries by building end-to-end workflows and simplifying complex tasks.

It now has 235 clients in 42 countries, including most of the top 10 U.S. law firms, with a 2024 ARR of more than $50 million and a valuation of more than $3 billion.

Core business and technology

• core product: A GPT-4 based legal assistant that provides document drafting, legal research, contract review, legal terminology interpretation and more. The platform is designed to build on workflows, not just assist them, automating and enhancing all aspects of various legal tasks through natural language processing, machine learning and data analytics.
• Service modelOne is to help lawyers with contract analysis, regulatory compliance, claims management, due diligence, and broader legal consulting services through fine-tuned large models of legal experts; the other is to build customized models for clients to achieve better results.
• Competitive advantages: Harvey's competitive advantage lies in its ability to help knowledge workers solve complex tasks so they can focus on core aspects of their profession, such as strategy, advice and judgment. In addition, Harvey builds the same trust as law firms and attorneys by creating systems that replicate historical best practices for building trust in knowledge work and developing new systems for AI alignment and validation.

Market Performance and Customers

• Financing: Since its inception, Harvey has attracted high-profile investors through multiple rounds of financing, including Sequoia Capital, OpenAI Startup Fund, GV, Elad Gil, and Kleiner Perkins, among others.20 In January 2025, Sequoia Capital is proposing to lead a $300 million financing round, which will double Harvey's valuation to $3 billion.
• client base: Harvey's target customer base is the legal services industry and is already beginning to impact this market. Its current clients include top international law firms and organizations such as Allen & Overy and PwC, while there are more than 15,000 law firms on the waiting list.

Cooperation and strategy

• cooperative partner: Harvey has established global partnerships with major law firms such as PwC and Allen & Overy to provide a number of services, including contract analysis and data processing, to their lawyers and legal professionals. In addition, Harvey has partnered with OpenAI to create a custom-trained case law model to provide a more robust AI system.
• Strategic realignment: Harvey's initial goal was to create a professional legal ChatGPT assistant using OpenAI's ChatGPT-4 to provide services designed specifically for lawyers. However, based on recent developments, Harvey is transforming and working to create a secure AI platform for legal, tax and financial professionals, expanding from a single legal service area to encompass a broader range of professional services.

future outlook

• Product Optimization: To boost product performance, Harvey planned to use financing funds to acquire legal research services company vLex (although the acquisition ended up not working out) to optimize training data.
• market expansion: Harvey will continue to expand its customer base and strengthen partnerships with existing customers to provide better services and solutions. Harvey will also focus on emerging markets and technology trends to maintain its competitive edge.