Singapore sovereign wealth fund GIC Pte Ltd and US venture capital firm Sequoia Capital have led a US$200 million funding round for Harvey AI Corp, a legal technology firm based in California.
Harvey Al announced the fundraising in a statement on March 26, saying that it values the firm at $11 billion.
Other participants in the fundraising were several existing US investors, including venture capital firms Andreessen Horowitz, Conviction Partners, Evantic Capital and Kleiner Perkins, tech investor Coatue Management, and tech entrepreneur and investor Elad Gil.
Harvey AI plans to use the new capital to increase artificial intelligence agents on its platform.
“The funding will be used to expand the more than 25,000 custom agents our customers run on Harvey and to scale the embedded legal engineering teams that help build and optimise those agents inside the world’s top law firms and legal departments,” the firm says.
