Raises $135 Million to Transform Law Practice
Revolutionizing Legal Workflows with AI-Powered Solutions
EvenUp Inc., a San Francisco-based legal AI startup, has officially joined the unicorn club. The company, which leverages artificial intelligence to streamline legal workflows like drafting and reviewing legal documents, has been valued at over $1 billion following a successful $135 million funding round. This significant financial backing marks a milestone not only for EvenUp but for the broader legal tech industry, which continues to attract heavy investor interest amid rising demand for productivity-boosting tools.
The funding round was led by Bain Capital Ventures, with additional participation from prominent firms such as Premji Invest, Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire, and B Capital Group. With this round, EvenUp’s total fundraising now stands at $235 million, positioning the company as a front-runner in the AI-driven legal document automation space.
The Power Behind EvenUp: AI Trained on Real Legal Cases
At the core of EvenUp’s technology is a proprietary claims intelligence platform, which utilizes advanced AI models trained on personal injury cases, medical records, and internal legal expertise. This allows EvenUp to offer real-time insights, automated document drafting, and intelligent recommendations that significantly reduce the manual workload for legal professionals.
According to CEO and co-founder Rami Karabibar, “Many personal injury law firms are stretched thin, which is why they need technology to scale their top performers. This is especially critical in personal injury law firms, where attorneys often manage over 100 clients a year.”
This is where EvenUp shines. Its solutions are currently used by more than 1,000 law firms, showing how deeply embedded the platform has become in modern legal operations.
Rapid Growth and Product Innovation Fuel Investor Confidence
EvenUp is not just raising capital — it’s expanding fast. In the past 12 months, the company has more than doubled its workforce across the United States and Canada. Furthermore, the company’s revenue has doubled year-over-year, showcasing strong financial performance and sustainable growth.
In October 2024, EvenUp launched four new AI in law products designed to further enhance legal document review and case preparation. These tools assist attorneys by identifying missing documents, delivering data-driven insights, and responding to complex queries through a new AI assistant capable of real-time legal support.
The new funding will be allocated toward hiring engineers, data scientists, and product experts, as well as expanding the go-to-market team and strengthening the company’s leadership.
Legal Tech’s Billion-Dollar Future
EvenUp’s rise is reflective of a broader trend: Legal AI tools are seeing surging interest from venture capitalists and law firms alike. As law practices continue to face pressure to manage large caseloads and improve efficiency, AI tools like EvenUp are proving to be invaluable allies.
Despite a global slowdown in dealmaking, especially in private markets, the legal tech sector remains resilient. Investors are clearly betting on AI’s long-term value in transforming traditionally paper-heavy industries such as law.
As more legal firms adopt tools like EvenUp, the legal profession is entering a new era of intelligent automation and client-centered service delivery.
💡 Explore the Future of Legal AI with Case Polaris
While EvenUp is reshaping personal injury law, Case Polaris is leading innovation in legal research and automation across all fields of law. From secure document upload and analysis to AI-driven case summarization, interactive AI chat, and access to a comprehensive legal library, Case Polaris empowers legal professionals with faster, smarter workflows.
✅ Join our private beta today and experience the future of AI in law — built for confidentiality, speed, and results.
📖 Source: Reuters