Sequoia Leads Investment! Legal AI Unicorn Harvey Completes $300 Million Series D Financing, ARR About to Exceed $100 Million, Valuation Tripled in Six Months

Harvey has just announced the closing of a $300 million Series D round led by Sequoia America, valuing the company at over $3 billion, double the amount raised last July, with investors including Coatue, Kleiner Perkins, OpenAI Startup Fund, GV, Conviction, Elad Gil, and REV, the venture capital arm of RELX Group, which owns LexisNexis. REV, the venture capital arm of RELX Group, is a company focused on developing domain-specific AI for the legal and professional services sector, co-founded by Winston Weinberg and Gabe, with the goal of revolutionizing the legal and related industries by building end-to-end workflows and streamlining complex tasks. harvey's ARR for 2024 is already exceeded $50 million in ARR in 2024, and has exceeded $100 million in ARR in the last eight months, and reaches 235 clients in 42 countries, including most of the top 10 U.S. law firms, such as LexisNexis, whose parent company, RELX Group Ventures, REV, is an investor in Harvey's new round of funding. (New)