Harvey acquires AI-powered sales assistant platform Aida
Article excerpt
Legaltech giant Harvey has acquired AI-powered sales assistant platform Aida, marking its fifth purchase this year. Aida is a virtual assistant for salespeople and complements Harvey’s tech by recording meeting details, updating customer relationship management systems and retaining client information. Harvey says the acquisition will enable it to help law firms maximise knowledge management across documents and internal processes, enabling AI tools to have a clearer understanding of how a law firm operates. Harvey’s CEO Winston Weinberg said: “Legal teams have decades of valuable knowledge locked away in documents and systems that are difficult to search and connect. “Unlocking that knowledge securely will fundamentally change how they work. [Aida founders] Piyush and Atish have deep expertise in solving this challenge, and their team will help us make Harvey even more powerful for our customers.” Aida co-founder Piyush Prahladka said that the platform was founded because of a belief that AI “could understand the context of people’s work”, and connect information across fragmented systems, turning knowledge into action. She added: “Joining Harvey gives us the opportunity to bring that vision to one of the world’s most knowledge-intensive professions at a global scale. We’re excited about what we can build together.” The California-based start-up was established two years...
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Also this week, Harvey said it is partnering with Latham & Watkins to build AI tools for investment fund formation , integrating the firm’s investment fund practice with Harvey’s product and engineering team.
