Latest news with #WinstonWeinberg
Business Wire
5 days ago
- Business
- Business Wire
Harvey Announces Canadian Expansion, Establishes New Roots in Toronto
TORONTO--(BUSINESS WIRE)-- Harvey, a leading AI platform for legal and professional services, today announced its deepening investment in Canada with the opening of a new hub in Toronto in October. As part of its global growth strategy, Harvey is making a long-term investment in the Canadian market, starting with hiring locally across engineering and sales to serve the unique needs of Canadian legal professionals. Recognizing that Toronto is home to top-tier engineering talent, strong academic institutions, and a thriving AI community, Harvey is looking to hire for over 20 roles across engineering and sales. Establishing a local presence will allow the company to tap into Canadian talent and continue to scale the platform with speed, performance and security. Harvey is already working with some of Canada's most respected law firms, including Davies and Gowling WLG, highlighting strong product-market fit and underscoring the demand for secure, purpose-built AI solutions. The new office will help Harvey collaborate even more closely with firms to shape the future of legal work. 'Canada is not just a market for Harvey, it's a place we're thrilled to be building in,' says Winston Weinberg, CEO and Co-Founder of Harvey. 'We're investing in local talent, partnering with leading firms, and embedding ourselves in the country's tech ecosystem. Toronto offers everything we look for in a growth hub: world-class infrastructure, exceptional talent, and a legal community eager to innovate.' Harvey's platform streamlines legal workflows by combining advanced language models with deep legal expertise. Its tools enable lawyers to draft, strategize, and synthesize across vast datasets; collaborate securely on projects; surface insights from both proprietary and public legal sources; and automate complex, recurring legal tasks. All of this is delivered through a secure infrastructure. 'Toronto will become a core development engine for Harvey. We're building critical infrastructure, expanding engineering capacity, and integrating Canadian technical leadership directly into our product lifecycle,' says Siva Gurumurthy, Chief Technology Officer. By establishing a permanent presence in Toronto, Harvey is positioning Canada as a core part of its product roadmap. This is only the beginning of the company's commitment to building locally, growing nationally and contributing meaningfully to the evolution of AI in legal and professional services globally. To learn more about career opportunities with Harvey, visit our careers page. About Harvey Harvey is domain-specific AI for legal and professional services. Its tools streamline complex workflows in areas such as contract analysis, due diligence, compliance, and litigation, helping professionals make faster, smarter decisions. Harvey is used by more than 517 customers in 54+ countries, including global law firms and Fortune 500 companies. To learn more, visit
National Post
5 days ago
- Business
- National Post
Harvey Announces Canadian Expansion, Establishes New Roots in Toronto
Article content Harvey Expands Global Footprint with Commitment to Local Hiring and Innovation in Canada's AI Tech Sector Article content TORONTO — Harvey, a leading AI platform for legal and professional services, today announced its deepening investment in Canada with the opening of a new hub in Toronto in October. As part of its global growth strategy, Harvey is making a long-term investment in the Canadian market, starting with hiring locally across engineering and sales to serve the unique needs of Canadian legal professionals. Article content Recognizing that Toronto is home to top-tier engineering talent, strong academic institutions, and a thriving AI community, Harvey is looking to hire for over 20 roles across engineering and sales. Establishing a local presence will allow the company to tap into Canadian talent and continue to scale the platform with speed, performance and security. Article content Harvey is already working with some of Canada's most respected law firms, including Davies and Gowling WLG, highlighting strong product-market fit and underscoring the demand for secure, purpose-built AI solutions. The new office will help Harvey collaborate even more closely with firms to shape the future of legal work. Article content 'Canada is not just a market for Harvey, it's a place we're thrilled to be building in,' says Winston Weinberg, CEO and Co-Founder of Harvey. 'We're investing in local talent, partnering with leading firms, and embedding ourselves in the country's tech ecosystem. Toronto offers everything we look for in a growth hub: world-class infrastructure, exceptional talent, and a legal community eager to innovate.' Article content Harvey's platform streamlines legal workflows by combining advanced language models with deep legal expertise. Its tools enable lawyers to draft, strategize, and synthesize across vast datasets; collaborate securely on projects; surface insights from both proprietary and public legal sources; and automate complex, recurring legal tasks. All of this is delivered through a secure infrastructure. Article content 'Toronto will become a core development engine for Harvey. We're building critical infrastructure, expanding engineering capacity, and integrating Canadian technical leadership directly into our product lifecycle,' says Siva Gurumurthy, Chief Technology Officer. By establishing a permanent presence in Toronto, Harvey is positioning Canada as a core part of its product roadmap. This is only the beginning of the company's commitment to building locally, growing nationally and contributing meaningfully to the evolution of AI in legal and professional services globally. Article content About Harvey Article content Article content Article content Media Contact: Article content Article content Article content
CNBC
04-08-2025
- Business
- CNBC
Legal AI startup Harvey hits $100 million in annual recurring revenue
Artificial intelligence startup Harvey on Monday announced it has reached $100 million in annual recurring revenue, or ARR, just three years after its launch. Harvey runs an AI-powered legal platform for lawyers at law firms and large corporations. Its technology can help with legal research, drafting and diligence projects, and the company is also building industry-specific use cases. Winston Weinberg, co-founder and CEO of Harvey, said the startup's ARR milestone has largely been driven by usage. Harvey has surpassed 500 customers, including CNBC's parent company, Comcast, and its weekly average users have quadrupled over the past year, the startup said. "Most of our accounts grow pretty massively," Weinberg told CNBC. "You'll sell to a Comcast or to a law firm, and they'll buy a couple hundred seats, and then they expand that usage pretty quickly." Weinberg is a former lawyer, and he co-founded Harvey with his friend and roommate Gabe Pereyra, a former research scientist at Google DeepMind and Meta. The pair launched the company in 2022 after experimenting with OpenAI's large language model GPT-3, which came out before its viral AI chatbot, ChatGPT. The company's name, Harvey, is partially inspired by one of the main characters in "Suits," a legal drama TV series, Weinberg said. Harvey has raised more than $800 million from investors, according to PitchBook, including Kleiner Perkins, Sequoia Capital and the OpenAI Startup Fund. The company also earned a spot on the 2025 CNBC Disruptor 50 list. "With gen AI, and how fast everything's moving, you just have to learn how to scale really, really fast," Weinberg said. "I'd say, like every six months I go through a new scaling experience." In the months ahead, Weinberg said Harvey is focused on its global expansion and continuing to build out its team. The startup recently hired Siva Gurumurthy, the former director of engineering at Twitter, as its chief technology officer, and John Haddock, who spent a decade at Stripe, as its chief business officer. Weinberg said he has learned to appreciate the value of a strong team, especially during periods of rapid growth. "We're starting to get to the point where we have really good leadership in place," Weinberg said. "That just changes your ability to scale to such a massive degree."
Yahoo
23-06-2025
- Business
- Yahoo
Harvey raises $300 million at $5 billion valuation to be legal AI for lawyers worldwide
Happy Monday. It's Alexandra Sternlicht subbing for Allie. Today, we're sharing news that legal LLM Harvey raised a $300 million Series E at a $5 billion valuation. The company, which sells lawyers AI solutions, lists large law firm customers like Paul, Weiss as well as in-house legal departments at major corporations, including KKR and PwC. With the fresh funding, Harvey plans to double its headcount to expand its global presence and diversity into new professional services like tax accounting. 'If you expand as quickly as we are, you just need to do raises like this,' says Winston Weinberg, who is the company's CEO, cofounder and a lawyer. Though Harvey is only about three years old, it has clients in 53 countries and boasts a 340-plus person headcount. The Series E is co-led by Kleiner Perkins and Coatue. It counts Sequoia, GV, DST Global, Conviction, Elad Gil, Open AI Startup Fund, Elemental, SV Angel, Kris Fredrickson and REV (the VC group LexisNexis owner RELX Group) as participants. On Friday, I had the pleasure of visiting Harvey's swanky Park Avenue NYC headquarters. And it was filled with lawyers. Lawyers in the kitchen. Lawyers spinning in ergonomic chairs. Lawyers smiling and waving at me. Though CEO Weinberg notes that the lawyer-workforce is unique to the company's New York office, and that only 18% of its headcount is lawyers, he believes that these attorney-employees are essential to achieve Harvey's goal of 'partnering' with the industry. So far the strategy is working: Harvey boasts 337 legal clients. Long before OpenAI released its first ChatGPT bot, entrepreneurs have been trying to make AI lawyers a thing. These companies have largely failed. Harvey, by its investors' accounts, is not failing. 'We've seen the company perform incredibly well across all facets,' Kleiner Perkins' partner Ilya Fushman, who co-led this round as well as Harvey's Series B and participated in its C and D, tells me. 'It sets the blueprint for how a vertical AI enterprise company can build and execute.' Still, Harvey is just one solution in the crowded field of AI lawyers that aim to disrupt the $1 trillion legal market. Though it could be meaningless in the long-run, with this funding, Harvey has nabbed the highest public valuation of any legal AI startup. Competitors Ironclad raised a 2022 Series E at a $3.2 billion valuation and Clio raised a 2024 $900 million Series F at a $3 billion valuation. Harvey's technology is built atop leading large language models—OpenAI's ChatGPT, Anthropic's Claude, and so on—and combined with data and work flows designed for and by lawyers. It also customizes its models on firm-specific data by feeding the tech proprietary documents that remain private to the firm. While the security and privacy of client data is obviously critical in legal matters, Harvey says it meets industry-recognized security standards, engages in regular third-party testing, and maintains that over 10% of its organization is security professionals. Juan Pablo Sandoval Celis, a lawyer/MBA, who works on the company's business development team says that customers have used Harvey to reduce legal processes from weeks to minutes. Of course, law firms make money from hours billed to clients. So lawyers finding efficiencies with Harvey could lead to an enormous revenue loss for these law firms. Weinberg notes that certain legal work is increasingly billed via fixed fee, though certain specialized work will forever be billed hourly. He also believes that widespread use of AI will increase work for lawyers. Says Weinberg, 'I think it'll get to a certain point where you aren't able to compete—or able to support large corporations—unless you are using tools like this.' See you tomorrow, Alexandra SternlichtX: @iamsternlichtEmail: a deal for the Term Sheet newsletter here. Nina Ajemian curated the deals section of today's newsletter. Subscribe here. This story was originally featured on Sign in to access your portfolio
CNBC
10-06-2025
- Business
- CNBC
32. Harvey
Founders: Winston Weinberg (CEO), Gabe PereryaLaunched: 2022Headquarters: San FranciscoFunding: $500 millionValuation: $3 billionKey Technologies: Artificial intelligence, generative AIIndustry: Enterprise technology, legal servicesPrevious appearances on Disruptor 50 list: 0 In law firms, young associates are expected to grind through endless hours of research and document review. Harvey, an AI-powered legal technology company, offers an alternative: automation that frees up associates to focus on strategy. The three-year-old startup is part of a new wave of AI companies targeting professional services and reshaping knowledge work. Founded by a former lawyer and a Google AI researcher, Harvey builds large language models tailored for legal and compliance work. Its software handles tasks like analyzing and drafting contracts, due diligence, litigation support, and compliance workflows. It's caught on with some of the world's largest companies and law firms. Harvey has more than 250 enterprise customers in 43 countries, including A&O Shearman, Verizon and PwC. In September 2024, it announced a collaboration with PwC to co-build the Tax AI Assistant, a suite of models trained on curated tax data and refined with feedback from PwC's own experts. The partnership highlights Harvey's strategy of working closely with firms to tailor its models. Despite the fear of AI replacing knowledge workers, Harvey's CEO and co-founder Winston Weinberg, a former lawyer himself, says Harvey aids lawyers but doesn't replace them. "It's not job displacement, it's task displacement," he said on the "No Priors" podcast. "Getting rid of those tasks doesn't mean the legal industry falls apart. It evolves." Investors have taken notice. The company raised $300 million in February in a Series D round that valued the company at $3 billion. Investors included Sequoia, Kleiner Perkins, GV, Elad Gil, Conviction and fellow Disruptor OpenAI's startup fund. The round followed soon after a $100 million fundraising last July, and Reuters recently reported that the company is in talks to raise another $250 million at a higher valuation. Meanwhile, the company continues to add new features. It launched a new version of its Vault storage, search and insights product in November, hired a CFO in March, and opened a London office in September to support growing international demand. Harvey is betting that law firms and professional services companies will continue to embrace AI that trims the busywork and enhances their highest-value output. The billable hour may not be dead, but how those hours are spent is starting to change.
