The legal technology sector gained a new unicorn on Tuesday as EvenUp, an artificial intelligence provider, announced the closing of a $135 million Series D funding round, bringing its valuation to $1 billion.
EvenUp, based in San Francisco, focuses on personal injury claims and document generation. Along with securing fresh funding, the company launched a series of new products designed to expand its AI-driven workflow and product suite. The latest round of investment brings EvenUp’s total funding to $235 million, including $220 million raised in the last 18 months.
EvenUp raises $135m Series D : Expanding the AI-Powered Platform
“At EvenUp, our mission is to close the justice gap through the power of technology and AI,” said Rami Karabibar, CEO and co-founder of EvenUp, in a statement. “With our latest products, funding, and proprietary data, we’re now better equipped to serve our customers.”
EvenUp’s AI claims intelligence platform is trained on hundreds of thousands of personal injury cases and millions of medical records, helping users craft more precise and effective demand packages. Its newly launched product suite covers the entire personal injury case lifecycle, providing tools for case preparation, negotiation, executive analytics, and a settlement repository.
Leading the Legal Tech Space
Founded in 2019, EvenUp serves over 1,000 law firms and claims to have helped firms recover more than $1.5 billion in damages. The company has seen its revenue grow over 100% year-over-year.
