EvenUp, a legal technology company based in San Francisco, has raised $150 million in its Series E funding round, bringing it to a valuation of more than $2 billion. This is a bump in valuation from $1 billion in October 2024. Founded in 2019 by Rami Karabibar and his co-founders, EvenUp focuses on AI applications within the personal injury space, and has built the Claims Intelligence Platform which uses AI to enhance a personal injury law practice.
Investors supporting the vision
Bessemer Venture Partners led Series E and has been an investor in EvenUp before. Other participants included REV (the venture capital investment arm of RELX), SignalFire, B Capital, Adams Street Partners, Bain Capital Ventures, HarbourVest Partners, Lightspeed Venture Partners, and Broadlight Capital. Bessemer has been a repeat investor, which shows confidence in EvenUp’s mission of increasing Access to Justice, while providing an upgrade for personal injury law firms.
Revolutionizing Personal Injury Law with AI
EvenUp’s Claims Intelligence Platform leverages a vast data base of information from over hundreds of thousands of prior injury claims and millions of medical note records. This data facilitates the automation of repetitive tasks, such as writing litigation documents or medical chronologies, and preparing a case for trial. To this end, CEO Rami Karabibar wants to underscore, “EvenUp is a company of purpose; we are all about closing the gap of justice gap for you, the lawyer, and for your injured clients by having the right tools to help improve the outcome.”
Scale and Adoption in the Market at Speed
EvenUp has also scaled significantly in the last six months. There has been almost a doubling in the claims being processed through EvenUp’s platform, and it is approaching a rate of 10,000 claims processed a week.” As of last month’s report, EvenUp is also experiencing significant revenue growth with 90% of all revenue growth generated from AI products. EvenUp’s rapid growth and positive reception in the marketplace is indicative of the larger movement occurring in the legal marketplace, with plaintiff-side law firms looking to use technology (especially AI) to, be more efficient, drive down costs, and be competitive.
Legal Tech Funding Reaches New Heights,
The achievement of EvenUp demonstrates a larger trend happening in the legal tech space. As of early October 2025, legal tech companies have raised more than $2.5 billion in funding (and are still raising), exceeding the previous peak in funding. This funding demonstrates further confidence from Investors that AI can possibly fundamentally change how the legal profession operates in some areas that matter with respect to efficiency and access to justice.
What’s Next
With another round of funding in place, EvenUp will work on enhancements to their platform and build their team as they continue to pursue their mission of democratizing access to justice for people injured. The future success of EvenUp, and the additional investor confidence, confirms that EvenUp is an important legal tech player, and that the legal tech field is a growing area. EvenUp’s progress and the developments made by similar companies capture the notion that technology can completely disrupt an entire profession, and show that technology can generate better outcomes for people seeking justice.
