Four months after a $3B valuation, Harvey AI grows to $5B

According to the company, a beginner Harvey AI, which provides automation for legal work, said a worth of $ 300 million worth a number of $ 300 million in a row Fortune. Round Kleiner Passins and packaging, including existing investors, the Elad GIL, Openai Startup Foundation and Kleiner perkins and packaged in the presence of Sequoia.

Financing comes only four months later since Harvey’s Sequoia is revealed $ 300 million Serial D Round $ 3 billion.

Many AI, when aim to keep Harvey’s title, Harvey is expanding rapidly. The three-year-old start already works 340 people and plans to double this number with new funds. Some new staff will help develop AI products for professional services, including Harvey AI products, including tax accounting. The company’s AI solutions, which helped lawyers in reviewing documents and compilation agreements, are used by 337 legal clients.

Harvey in a fast clip, increased $ 75 million in income in an annual period, increased from $ 50 million in the year, Reuters reported last month.

Harvey’s rivals include 10-year-old Ironclad and old legal beginnings such as 9-year-old Clio 17 $ 300 million round $ 3 billion assessment last year.