Harvey, a prominent player in the legal tech industry, has announced its acquisition of Hexus, a two-year-old startup known for its innovative tools that facilitate the creation of product demonstrations, videos, and guides. This tactical play is evidence of Harvey’s determination to expand rapidly and aggressively as legal tech competition continues to grow stronger.
Founded by legal AI innovators Winston Weinberg and Gabe Pereyra, Harvey is quickly proving itself as the leading provider of legal AI. The company started off by training GPT-3 on landlord-tenant law questions taken from Reddit. A week later, on July 4, 2022, they got the news of their first investment from the OpenAI Startup Fund. Since then, Harvey has grown astonishingly fast. The year started strong with a $3 billion valuation after closing $300 million in a Series D funding round led by Sequoia Capital.
With the recent acquisition of Hexus, Harvey hopes to bring more advanced technology options to their client in-house legal departments. The innovative deal structure further underlines long-term team incentives, setting both companies’ goals toward a true long-term collaboration on development. Hexus founder and CEO Sakshi Pratap will be heading up an engineering and design team focused on this effort. He adds a wealth of experience from past stints at Walmart, Oracle and Google.
HEXUS raised a solid $1.6 million in financing from investors, including Pear VC and Liquid 2 Ventures. A few months later, Harvey purchased the firm. Harvey is growing quickly and has already signed up more than 1,000 clients in more than 60 countries. This remarkable client list boasts all but one of the top 10 US law firms by revenue and half of the top 20. Harvey’s valuation has skyrocketed to $8 billion after it raised another $160 million. This increase brings the company’s overall 2025 funding to $760 million, underscoring the seriousness of Read’s initiative.
The acquisition includes plans for Harvey to establish a new office in Bangalore, where Hexus’s India-based engineers will integrate into Harvey’s operations. This transition is intended to strengthen Harvey’s tech muscle with growing demand and help their consultants to be more responsive to client needs.
“What we’re bringing to Harvey is deep experience building enterprise AI tools in adjacent problem spaces.” – Sakshi Pratap
With the pace of competition quickening in the legal tech landscape, Harvey is intent on staying on the cutting edge. The company’s strategic acquisitions and partnerships are designed to enhance its capabilities and offer more comprehensive solutions to its clients.
“That was the moment when we were like, wow, this entire industry can be transformed by this technology.” – Winston Weinberg