Harvey collects $ 300 million in estimate of $ 5bn – artificial lawyer

Harvey Director General Winston Weinberg has just confirmed the artificial lawyer that Genai Pioneer has raised $ 300 million in a $ 5 billion rating – in addition to the recently raised funds.

He told Al: ‘(Investment will be used for him) by investing more in international expansion and supporting customers across the globe. We are now in 53 countries and we want to support that growth. ‘

Weinberg added that this was a whole new round and should be seen as an investment on stage. This following round D earlier this year, in February, for $ 300 million with a $ 3BN rating.

He emphasized the need to support their growing customer base worldwide in a variety of areas, from data needs and data storage, to product development, to working with global corporations, as key leaders for such a large investment so soon after the previous round.

“This will mean thousands of investments of products in support firms and large global corporations,” he told Artificial Lawyer and set the example of Verizon as a leading customer with whom he is working.

A number of large banks are also clients now, he added, as well as investment funds, such as KKR.

The announcement comes just days after the artificial lawyer shared the news that Harvey has formed an alliance with Lexisnexis, where Lexis will share legal data – see here.

According to public data – as shown by Tracxn – Harvey has now raised about $ 800 million, if you add $ 300 to the previous D in a round.

Al should control, but it will seem possible that this is the fastest growth of funds in the history of legal technology. Also one of the biggest estimates – if not the largest for a start of legal technology. Of course, there are companies there with higher ratings, such as Lexis and TR, but they are not startups.

Faster.

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