Four months after an evaluation of $ 3 billion, Harvey AI grows to $ 5 billion

The company told “Harvey AI”, a startup that provides automation to legal work, which raised $ 300 million of funding from the E series, with a rating of $ 5 billion. luck. The tour was presented by Kleiner Perkins and Coature, with the participation of current investors, including condemnation, Elad Gil, Openai Startup Fund, and Sequoia.

The funding comes just four months after Harvey announced that Sekoya led A. Series of $ 300 million d A tour of 3 billion dollars.

While many artificial intelligence companies aim to maintain a decrease in the number of employees, Harvey rapidly expands his employees. Fortune stated that the three -year -old startup is already employing 340 people and plans to double this number with its new money. Some new employees will be assigned to help Harvey to build AI products for vocational services that exceed legal, including tax accounting. The company’s AI solutions, which help lawyers, are used to review documents and draft drafting contracts, by 337 legal customers.

Harvey was growing in a rapid clip, as it reached annual revenues of $ 75 million in April, an increase of $ 50 million earlier in the year, Reuters mentioned last month.

Among some of Harvey’s competitors are old legal starters, such as the 10 -year -old IronClad and 17 -year -old CLIO, which raised A. $ 300 million round Rating 3 billion dollars last year.