Harvey AI Company

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A Harvey AI Company is a legal tech company.

References

2024

  • https://www.harvey.ai/blog/harvey-building-legal-agents-and-workflows-with-openai-s-o1
    • NOTES:
      • Advances in Agentic Models: The introduction of OpenAI o1 marks a shift toward AI models that can collaborate with human users on complex, multi-step tasks. This transition from "copilots" (assistants) to "coworkers" (partners) represents a significant evolution in professional service applications, particularly in the legal field.
      • Domain Specialization: While OpenAI o1 excels in planning and reasoning, Harvey emphasizes the importance of domain specialization. Legal work requires subjective judgment, multi-faceted reasoning, and contextual understanding, which general models like OpenAI o1 need further refinement to achieve.
      • Long-Term Vision: Harvey’s strategy of blending AI capabilities with specialized legal data and workflows is aimed at creating highly effective, collaborative agents that work seamlessly with human experts. This aligns with the growing trend of using AI to not only augment but also collaborate with professionals in complex fields.

2024

  • https://www.linkedin.com/jobs/view/software-engineer-infrastructure-at-harvey-3860723527/
    • QUOTE: Harvey is a secure AI platform for professionals in law, tax, and finance that augments productivity and automates complex workflows. Harvey uses algorithms with reasoning-adept LLMs that have been customized by our expert team of lawyers, engineers and research scientists. We’ve found product market fit and are scaling our team very quickly. Some reasons to join Harvey are:
      • Exceptional product market fit: We have partnered with the largest law firms and professional service providers in the world like A&O, PwC, and many others.
      • Strategic investors: Raised over $100 million from strategic investors including Sequoia, Kleiner Perkins, and the OpenAI Startup Fund.
      • World-class team: Harvey is hiring the best technical and non-technical talent from places like DeepMind, Google Brain, Stripe, FAIR, Tesla Autopilot, Superhuman, and Glean.
      • Partnerships: Our engineers and researchers work directly with OpenAI to build the future of generative AI and redefine professional services.
      • Performance: $0-20M ARR in the last 12 months.
      • Value: Top of market cash and equity compensation.

2023

  • https://www.harvey.ai/blog/series-b 2023-12-19
    • Harvey raises $80M Series B from Elad Gil, Kleiner Perkins, OpenAI and Sequoia (Announced on Dec.19)
      • Series B is co-led by Elad Gil and Kleiner Perkins with participation from OpenAI Startup Fund and Sequoia.
      • The $80 million investment brings Harvey’s total funding to over $100 million and values Harvey at $715 million.

2023

Website
   http://harvey.ai 
Industry
   Software Development 
Company size
   Sept 2023  87 assoc. members
Headquarters
   San Francisco, California 
Founded
   2022

2023

2023

2023-04-03

  • https://personalblog795.wordpress.com/2023/04/03/harvey-legal-ai-with-unicorn-potential/
    • NOTES:
      • Harvey's unique ability to analyze large legal datasets and perform user-defined tasks sets it apart from competitors focused solely on drafting or clause suggestions.
      • The founders’ strong technical and legal backgrounds (e.g., DeepMind, Meta, Tesla) provide expertise, though their lack of scaling experience is a potential challenge.
      • Strong initial adoption rates at Allen & Overy (25% daily use, 80% monthly use) validate the product's utility and potential for broader adoption.
      • Positive feedback from law firms and significant publicity (e.g., TechCrunch, Reuters) lower customer acquisition costs and enhance credibility.
      • Harvey’s scalability is supported by its multilingual capabilities and potential for expansion beyond legal use cases, targeting a $36 billion TAM.
      • Risks surrounding the handling of confidential client data and privacy obligations must be mitigated to ensure long-term adoption and compliance.
      • The legal sector is primed for disruption, and Harvey’s innovative AI technology is well-timed to capitalize on the industry's demand for cost-effective and time-saving solutions.
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