Authorized AI large Harvey acquires Hexus as competitors heats up in authorized tech

[ad_1] Harvey, the high-flying authorized AI startup, has acquired Hexus — a two-year-old startup that builds instruments for creating product demos, movies, and guides — as the corporate continues its aggressive growth amid fierce competitors within the authorized tech market.

Hexus founder and CEO Sakshi Pratap, who beforehand held engineering roles at Walmart, Oracle, and Google, tells TechCrunch that her San Francisco-based crew has already joined Harvey, whereas the startup’s India-based engineers will come onboard as soon as Harvey establishes a Bangalore workplace. Pratap provides that she's going to lead an engineering crew centered on accelerating Harvey’s choices for in-house authorized departments.

“What we’re bringing to Harvey is deep expertise constructing enterprise AI instruments in adjoining downside areas,” Pratap stated. “This experience helps Harvey transfer quicker in a market that’s turning into more and more aggressive.”

Hexus had raised $1.6 million from Pear VC, Liquid 2 Ventures, and angel buyers earlier than the acquisition. Whereas Pratap declined to share deal phrases, she stated the construction was aligned round “long-term crew incentives.”

The acquisition comes as Harvey seems to cement its place as certainly one of AI’s hottest startups. The corporate confirmed final fall that it’s now valued at $8 billion after elevating $160 million, bringing its funding throughout 2025 to $760 million. Andreessen Horowitz led that latest spherical, joined by new buyers T. Rowe Worth and WndrCo, alongside current backers Sequoia Capital, Kleiner Perkins, Conviction, and angel investor Elad Gil. (It began the 12 months with a $3 billion valuation after Sequoia led a $300 million Sequence D spherical within the firm.)

Harvey now claims greater than 1,000 shoppers throughout 60 nations, together with a majority of the highest 10 U.S. regulation corporations.

When TechCrunch spoke with co-founder and CEO Winston Weinberg in November, he traced Harvey’s origin story again to a chilly e mail despatched to OpenAI CEO Sam Altman. Weinberg, then a first-year affiliate at O’Melveny & Myers, and co-founder Gabe Pereyra, a researcher who labored at Google DeepMind and Meta and was Weinberg’s roommate on the time, examined GPT-3 on landlord-tenant regulation questions from Reddit. Once they confirmed the AI-generated solutions to attorneys, two out of three stated they’d ship 86 of 100 responses with zero edits.

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“That was the second once we have been like, wow, this whole trade may be remodeled by this know-how,” Weinberg stated.

They emailed Altman on July 4, 2022, acquired on a name that very same morning, and landed their first verify from the OpenAI Startup Fund shortly after. In keeping with Weinberg, the OpenAI Startup Fund stays Harvey’s second-largest investor.