San Francisco-hedquartered AI legal tech company EvenUp has raised $150 million in a Series E round led by Bessemer Venture Partners, valuing the firm at over $2 billion. The round included participation from REV (the venture arm of RELX, which owns LexisNexis Legal & Professional), B Capital, SignalFire, Adams Street, Bain Capital, HarbourVest, Lightspeed, and Broadlight Capital.
The latest funding round brings EvenUp’s total funding to $385 million, marking one of the largest-ever funding rounds in legal AI.
Transforming personal injury law
EvenUp was founded in 2019 by Rami Karabibar, Saam Mashhad, and Raymond Mieszaniec, who each brought personal experience from the legal and injury sectors.
The company is transforming how personal injury cases are managed through its Claims Intelligence Platform, powered by the company’s proprietary Piai model. The AI system is trained on hundreds of thousands of injury cases and millions of medical records, helping law firms automate time-consuming work like drafting, reviewing, and strategising.
“Legal AI is no longer a side bet; it’s becoming the backbone of personal injury law. In the last six months alone, case volume on our platform nearly doubled to 10,000 cases per week. Firms are growing revenue without adding staff, while victims secure better results faster. That’s the transformation we’re driving,” said Karabibar.
To date, the US-based platform has helped secure over $10 billion in settlements across 200,000 cases, and is used by more than 2,000 law firms, including 20% of the top 100 personal injury firms in the U.S..
What’s next?
The company says its annual recurring revenue (ARR) has doubled year-over-year, with nearly 90% of new sales now coming from products launched in 2025.
Besides the funding round, the company also announced Mirror Mode, a new AI feature that lets firms upload a winning draft and instantly create customised versions that match its tone, structure, and legal precision.
“EvenUp’s vision is to give every personal injury attorney a trusted AI partner, bringing the collective wisdom of hundreds of thousands of cases to every decision. Just as word processors became essential, AI will soon be table stakes, and EvenUp will be the gold standard lawyers rely on,” said Sameer Dholakia, partner at Bessemer Venture Partners.
