Legal AI startup Harvey hits $100 million in annual recurring revenue
Harvey runs an AI-powered legal platform for lawyers at law firms and large corporations. Its technology can help with legal research, drafting and diligence projects, and the company is also building industry-specific use cases.
Winston Weinberg, co-founder and CEO of Harvey, said the startup's ARR milestone has largely been driven by usage. Harvey has surpassed 500 customers, including CNBC's parent company, Comcast, and its weekly average users have quadrupled over the past year, the startup said.
"Most of our accounts grow pretty massively," Weinberg told CNBC. "You'll sell to a Comcast or to a law firm, and they'll buy a couple hundred seats, and then they expand that usage pretty quickly."
Weinberg is a former lawyer, and he co-founded Harvey with his friend and roommate Gabe Pereyra, a former research scientist at Google DeepMind and Meta. The pair launched the company in 2022 after experimenting with OpenAI's large language model GPT-3, which came out before its viral AI chatbot, ChatGPT.
The company's name, Harvey, is partially inspired by one of the main characters in "Suits," a legal drama TV series, Weinberg said.
Harvey has raised more than $800 million from investors, according to PitchBook, including Kleiner Perkins, Sequoia Capital and the OpenAI Startup Fund. The company also earned a spot on the 2025 CNBC Disruptor 50 list.
"With gen AI, and how fast everything's moving, you just have to learn how to scale really, really fast," Weinberg said. "I'd say, like every six months I go through a new scaling experience."
In the months ahead, Weinberg said Harvey is focused on its global expansion and continuing to build out its team. The startup recently hired Siva Gurumurthy, the former director of engineering at Twitter, as its chief technology officer, and John Haddock, who spent a decade at Stripe, as its chief business officer.
Weinberg said he has learned to appreciate the value of a strong team, especially during periods of rapid growth.
"We're starting to get to the point where we have really good leadership in place," Weinberg said. "That just changes your ability to scale to such a massive degree."
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