Legal AI startup Harvey hits $100 million in annual recurring revenue
Harvey Founding Partners Winston Weinberg and Gabe Pereyra
With the permission of Harvey
On Monday, the artificial intelligence attempt announced that it reached $ 100 million in annual recurrent income just three years after the launch.
Harvey carries out an AI -supported legal platform for lawyers in law firms and large companies. Technology can help legal research, draft preparation and effort projects, and the company also develops sector -specific usage situations.
Winston Weinberg, Founding Partner and CEO of Harvey, said that the attempt was largely directed by the use of the arr milestone. Harvey said that CNBC has exceeded 500 customers, including the parent company Comcast, and average weekly users have increased to four times last year.
“Most of our accounts are growing quite big.” He said. “You will sell it to a Comcast or a law firm, and they will receive a few hundred seats and then expand this use very quickly.”
Weinberg founded a former lawyer and Harvey, a former research scientist, with his friend and roommate Gabe Pereyra. Google Deepmind and Meta. The couple launched the company in 2022 after trying Openai’s major language model GPT-3, which emerged before the Viral AI Chatbot Chatgpt.
Weinberg, the company’s name Harvey, a legal drama TV series “Suits” in the partially inspired by one of the main characters, he said.
According to Pitchbook, including Kleiner Perkins, Sequoia Capital and Openai Starter Fund, Harvey collected more than $ 800 million from investors. The company also appeared on the 2025 CNBC Disruptor 50 list.
“You should find out that with Gen Ai and how fast everything is moving, it will be really quickly scaled,” Weinberg said. He said. “Let’s say I go through a new scaling experience every six months.”
In the coming months, Weinberg said Harvey focused on the global expansion and continued to establish his team. The initiative recently hired Siva Gurumurthy, former engineering director of Twitter, as Chief Technology Officer and hired John Haddock, who spent ten years as Chief Officer at Stripe.
Weinberg said he learned to appreciate the value of a strong team, especially during rapid growth periods.
“We are starting to come to the point where we have a really good leadership.” Weinberg said. He said. “This is just changing your scaling ability up to such a large degree.”
Description: Comcast is the parent company of NBCuniversal, the owner of CNBC.
