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.
He 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 ago by Prahladka alongside CTO Atish Das Sarma. Both have extensive technology experience and will now join Harvey as VP and head of context graph respectively.
Prahladka also co-founded AI platform Glean where she served as head of search and AI between 2019 and 2023.
Prior to co-creating Aida, Das Sarma was head of growth engineering at technology company Patreon, and was head of AI for Apple cloud services for four years before his departure in 2021.
This latest deal continues a wave of acquisitions for Harvey this year. Last month, it acquired San Francisco-based Guardrails AI, an AI security platform for agents, accelerating its work on agent reliability.
In July, the company agreed to acquire New York-based investment firm-focused AI platform Benchmark, with the intention to help advance the growth of Harvey’s asset management business.
In March, Harvey purchased AI-powered customer integration platform start-up Lume, which was previously backed by early-stage investor Y Combinator, alongside Khosla Ventures and General Catalyst.
And in January, the company agreed to purchase AI product demo business Hexus to step-up its work supporting in-house legal teams.
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.
Email your news and story ideas to: [email protected]
