Harvey AI Inc., a developer of artificial intelligence tools for legal professionals, has closed a $200 million Series C investment. The deal was jointly led by GIC and Sequoia, with participation from Andreessen Horowitz, Coatue, Conviction Partners, Elad Gil, Evantic and Kleiner Perkins, valuing the software maker at $11 billion.
Harvey provides an AI assistant that helps attorneys find relevant legislation, extract key information, and draft legal documents. It also automates the review of existing documents to identify compliance issues.
A tool called Vault enables legal teams to analyze up to 100,000 documents and organize evidence during discovery processes. Vault also helps manage intellectual property and document templates with access controls.
Harvey’s platform integrates data from over 500 regulatory sources and supports automation workflows. The company recently launched a feature allowing users to build custom AI agents on its platform.
Harvey plans to use the new funding to enhance its agent-building capabilities and expand its engineering support teams.