Eve: Legal AI Assistant Raises $14 Million

By Annie Baker • Oct 27, 2023

Eve has officially launched the industry’s first personalized AI legal assistant fully trainable to suit the specific needs of law practice. Built with the latest large language models (LLMs) and pre-built legal skills, Eve automates away tasks like document review, case analysis, and legal research, enabling teams to focus on more strategic, high-value initiatives.

Eve is the first personalized AI assistant purpose-built with skills and knowledge specific to the legal profession. And Eve is the only AI solution that can be used out-of-the-box, and learns and increases value the more it becomes embedded in the firms’ day-to-day tasks and workflows. 

This solution comes pre-built with a “Skill Library”, a set of key legal skills designed to automate away low-value tasks for litigation, transactional law, and specific practice areas. And customers can also fine-tune and customize Eve for optimal performance in various practice areas and specialized use cases.

Eve helps law professionals:

– Automate low-value tasks – Delegate routine and repetitive tasks to Eve to free up valuable time, creative and strategic resources.

– Accelerate case resolution – Expedite case resolution, saving valuable time on preliminary steps, and delivering swift results.

– Augment existing processes – Teach Eve to adopt custom processes, optimize task execution, and increase efficiency with the firm’s specific needs.

Many prominent law firms including Frontier Law Center are using Eve to transform their legal practice. And driving the company’s launch is a $14 million seed funding round led by Lightspeed Venture Partners and Menlo Ventures.

KEY QUOTES:

“The volume of data legal professionals are required to manually sift through has become unmanageable. Legal professionals often dedicate hours of their day sorting through documents and extracting relevant insights—Eve automates those processes end to end. We’ve built the first engine that is able to reason, infer, and learn to truly work alongside lawyers.”

– Jay Madheswaran, CEO and co-founder, Eve

“With Eve, what would have been three days of work, we completed in 45 minutes, my clients couldn’t be happier. I am now able to close cases 5 times faster.”

– Manny Starr, a managing partner at Frontier Law Center

“Eve is proof of the transformative impact AI is having on every industry. Law professionals don’t need another tool to add to the pile; they need technology that will serve as a true extension of their team. Jay and his team are the first to deliver an AI-native solution that can truly work and think like a lawyer. We’re thrilled to partner with them as they bring their platform to every law firm worldwide.”

– Ravi Mhatre, Partner, Lightspeed Venture Partners

“There are many AI solutions today that claim to automate away tedious tasks, but few can  truly augment a workforce. Eve not only serves as a force multiplier for law firms, it comes pre-built with industry knowledge and skills so lawyers can hit the ground running from Day One. We are beyond thrilled to partner with Jay and his co-founders as they help legal professionals accelerate their productivity.”

– Tim Tully, Partner, Menlo Ventures