EvenUp, an AI startup focused on streamlining legal tasks like drafting and reviewing documents, has raised $135 million in a funding round led by Bain Capital Ventures, valuing the company at over $1 billion. Other investors include Premji Invest, Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire, and B Capital Group, bringing EvenUp’s total funding to $235 million.
The company’s AI-driven claims intelligence platform, used by over 1,000 law firms, is designed to assist with personal injury cases by analyzing medical records and legal data. EvenUp’s revenue has doubled year-over-year, and its workforce in the U.S. and Canada has also grown significantly. The company recently launched four new products, including an AI assistant for real-time legal insights.
