DeepL strikes deal with US legal AI startup Harvey

DeepL is looking to make a push into legal, financial servcies and life sciences.
DeepL strikes deal with US legal AI startup Harvey

DeepL has struck a deal with US AI startup Harvey to carry out legal document translation, as it looks to push further into heavily regulated industries. DeepL, valued at $2bn in 2024, said the deal with Harvey, valued at $11bn and reportedly raising at a $15.5bn valuation, highlighted a growing demand for specialised AI tools to handle the complexity of legal work.

It comes as DeepL, which axed 250 employees earlier this year, focuses in on striking deals in heavily regulated industries, such as legal, financial services, pharmaceuticals and life sciences. It says the accuracy and security of its tech lend themselves well to these industries.

Cologne-based DeepL, whose other legal clients include Taylor Wessing, is known for its AI text translation and writing tools. It has also moved into voice-to-voice translation. Harvey, which competes against Swedish rival Legora, serves more than 2,000 lawyers across over 2,400 organisations.

Cross-border legal work depends on translating contracts, filings, briefs, evidence, reports, and client materials quickly, accurately and reliably even when documents are long or highly complex.

DeepL, which is one of a number of Harvey’s translation partners, will handle over a third of Harvey’s total document translation volume. DeepL’s other clients include SoftBank and Mazda. Jarek Kutylowski, founder and CEO of DeepL, said: “Working with Harvey brings our specialised Language AI capabilities to even more legal teams around the world, who work across borders every day.”

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