Sequoia Capital plans to increase investment in AI legal automation startup Harvey

Sequoia Capital USA plans to increase its investment in Harvey, a startup that uses artificial intelligence technology to help lawyers automate their work. This comes less than two years after Sequoia first invested in the company. This may be because Harvey's revenue has grown significantly. The company is expected to raise about $300 million in a round led by Sequoia Capital, valuing it at about $3 billion. This occurred approximately one month after the company surpassed $50 million in annual recurring revenue.