EvenUp, a San Francisco, CA-based company which specialises in AI-driven support for personal injury lawyers, raised $50.5M in Series B funding at a $325M valuation.
The round was led by Bessemer Venture Partners, with participation from Bain Capital Ventures, Scott Belsky, Clio, SignalFire, DCM, NFX, and Gokul Rajaram (DoorDash executive and board member at Pinterest, Coinbase and The Trade Desk). Sameer Dholakia, Bessemer Partner and co-lead of the firm’s growth investment practice, will be joining EvenUp’s board of directors.
The company intends to use the funds to support growth, and introduce new technologies and products for personal injury and other fields of law.
Led by CEO Rami Karabibar, EvenUp is a generative AI startup combining in-house human legal expertise with proprietary software to analyze medical and police records, spanning from motor vehicle accidents and natural disasters to police brutality and child abuse. It applies machine learning and its Litty generative AI to reduce manual effort and maximize case outcomes across the legal value chain, starting with personal injury law.
EvenUp turns raw case files, such as medical records, bills, and police reports, into AI-generated legal documents for injury lawyers. These legal documents, called demand packages, value what these injury cases are worth, enabling injury attorneys to expedite settlements and secure the full compensation their clients rightfully deserve.
Earlier investors included tech entrepreneurs like Adam D’Angelo (CEO of Quora) and Kevin Hartz (CEO of Eventbrite), as well as Nas, Jared Leto, and Byron Jones.
FinSMEs
08/06/2023