Of all the Law + Ai ventures out there, none has stirred more mystery in certain quarters than than the lapin law ai spinup Harvey.
Many had wondered what they were doing, and just what was under the hood.
For sure they have generated a good amount of mystique and excitement and now rolling out real deals.
Today we know.
Maybe wholly, or only in part. That we still don’t know.
What was speculated was far more mysterious than what was known, and what is now known more predictable and predicted, but still mysterious.
Consulting my MagicMachineSM, the current available source data on Harvey depicts:
Harvey AI, a prominent generative artificial intelligence startup focused on the legal profession, has been making significant strides in the industry. The company has garnered attention for its innovative technology that promises to save time for legal professionals 1. Recently, Harvey has been on an aggressive hiring spree, aiming to fill nearly 50 job openings, with a particular focus on recruiting lawyers 1. This expansion comes on the heels of the company's successful fundraising efforts, including a $80 million Series B funding round that raised Harvey's valuation to $715 million 2.
One of the key aspects that have contributed to Harvey's success is its cutting-edge technology, which has attracted major law firms like Allen & Overy. (Also yes Harvey we did see the PWC thingy - rofl this web called them a law firm!) These firms have adopted Harvey's AI technology to leverage its generative capabilities, showcasing the growing popularity and demand for Harvey's services in the legal sector 3. Additionally, Harvey has introduced a case law foundation model in collaboration with OpenAI, designed to provide comprehensive legal research capabilities and accurate outputs that have been well-received by top law firms 6.
As part of its growth strategy, Harvey is looking to double its workforce by the end of the year, signaling its ambitious plans to expand its operations and solidify its position in the legal technology sector 1. The company's CEO, Winston Weinberg (2021 vintage attorney), emphasized the company's client-focused approach and the effectiveness of its services, highlighting Harvey's commitment to delivering value to its customers 4. With its innovative solutions and strategic partnerships with prominent investors like Sequoia and OpenAI, Harvey AI is poised for continued success and influence in reshaping the legal profession with generative AI technologies 26.
And Harvey just today has told us much more.
On X Harvey posted that it is a foundational OAI-based model. Az Same breath “better than GPT.” So less mystery, or maybe more to come…