EvenUp, AI Platform for Personal Injury Lawyers, Raises $150 Million at a Valuation of $2 Billion
One of the hottest areas of development and growth in legal technology today is personal injury law. Just last week, Eve, an AI platform for businesses on the plaintiffs’ side, raised $103 million, and today we learned that another AI platform for personal injury law, Even untilraised a $150 million Series E round at a valuation of over $2 billion – its fourth funding round in two years and a doubling of its valuation in just one year, with a total fundraising of $385 million.
This latest round was led by Bessemer Venture Partners, which had already invited EvenUp in previous rounds, with the participation of REV, the venture capital arm of RELX, owner of LexisNexis Legal & Professional; B Capital; SignalFire; Adams Street; Bain Capital; HarbourVest; Speed of light; and Broadlight Capital.
Related: How it Works: My 15-Minute Demo with EvenUp.
EvenUp’s Claims Intelligence platform, as it calls its core AI-based product, is trained on hundreds of thousands of injury cases and millions of medical records, the company says.
The platform provides tools for drafting litigation documents and demand letters, creating medical timelines, negotiating settlements, preparing files for trial, and more.
“Legal AI is no longer a side bet; it becomes the backbone of personal injury law,” said Rami Karabibar, CEO and co-founder of EvenUp. “In the last six months alone, the case volume on our platform has nearly doubled to 10,000 cases per week. Companies are increasing revenue without adding staff, while victims are getting better results faster. This is the transformation we are leading.”
To date, the company claims to have helped resolve more than 200,000 cases, securing more than $10 billion in damages for injury victims. More than 2,000 companies use the platform, it says, including 20% of the 100 largest U.S. personal injury companies.
Related: EvenUp enhances its platform for IP lawyers with two new features: AI playbooks and voice agent.
“EvenUp’s vision is to give every personal injury lawyer a trusted AI partner, bringing the collective wisdom of hundreds of thousands of cases to every decision,” said Sameer Dholakia, Partner at Bessemer Venture Partners. “Just as word processors have become essential, AI will soon be table stakes, and EvenUp will be the standard that lawyers rely on.”
Introduction of the new “mirror mode”
Also today, EvenUp announced the upcoming launch of Mirror Mode, which it described as “the first-of-its-kind AI tool that allows businesses to replicate their best work across all of their document-based workflows.”
By uploading a winning draft, a company can generate personalized versions that reflect its language, style and structure, the company claims.
It will be available in the coming weeks.
EvenUp was founded in 2019 as an AI-driven company founded on the belief that AI could transform the way personal injury law works.
All three founders had direct experience in IP law.
