EvenUp, a San Francisco-based pioneer in AI-powered personal injury law, announced it has raised $150 million in Series E funding, bringing its valuation to over $2 billion. The funding round was led by Bessemer Venture Partners, with participation from REV (the venture arm of RELX, owner of LexisNexis Legal & Professional), B Capital, SignalFire, Adams Street, Premji Invest, Bain Capital, HarbourVest, Lightspeed, and Broadlight Capital.
This funding round brings EvenUp’s total capital raised to $385 million and marks its fourth preempted round in just two years, demonstrating continued investor confidence in the company’s category-defining growth.
EvenUp is positioning itself as the technological backbone of modern personal injury law through its Claims Intelligence Platform, powered by the company’s proprietary Piai model. The platform is trained on hundreds of thousands of cases and millions of medical records, enabling AI to proactively draft, review, and strategize at scale across the entire case lifecycle. By automating much of the legal process, EvenUp has already helped secure over $10 billion in settlements, resolved more than 200,000 cases, and accelerated case resolution timelines by the equivalent of thousands of years.
The company now supports over 2,000 law firms, including 20% of the Top 100 U.S. personal injury firms, as annual recurring revenue continues to double year-over-year. EvenUp’s growth reflects a broader transformation in the legal industry as AI becomes an operational necessity rather than an experimental tool.
EvenUp’s rapid product development has also been key to its expansion. In 2025, the company launched Mirror Mode, an AI innovation allowing firms to replicate and personalize their best legal documents at scale, ensuring consistency and efficiency in case preparation. This innovation follows the success of its Case Companion feature, which helps attorneys generate, analyze, and refine case strategies in real time. Nearly 90% of new sales are now driven by these next-generation AI products.
The company’s momentum has translated into tangible results for clients. Firms report faster resolutions, higher settlements, and increased efficiency without additional staffing. EvenUp’s technology has become an essential partner in an industry traditionally slow to adopt automation, bridging the gap between technology and justice for millions of victims.
Founded in 2019 by CEO Rami Karabibar, CPO Saam Mashhad, and COO Raymond Mieszaniec, EvenUp was built as an AI-first company grounded in firsthand experience with personal injury law and its inefficiencies. The company recently opened a new headquarters in San Francisco and is expanding operations across the U.S. and Canada.
KEY QUOTES:
“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.”— Rami Karabibar, CEO and Co-Founder, EvenUp
“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.”— Sameer Dholakia, Partner, Bessemer Venture Partners
“LexisNexis Legal & Professional and REV invest in customer-centric innovators who strive to make it easier for legal professionals to do their work. EvenUp shares our commitment to advancing legal AI innovation that helps professionals achieve better outcomes and drive greater value for their organizations.”— Sean Fitzpatrick, CEO, LexisNexis North America, UK & Ireland
“EvenUp is the clear leader in personal injury AI. Their proprietary data, domain expertise, and real-world results give them staying power—and they’re setting a new bar for what legal AI should deliver.”— Sebastian Duesterhoeft, Partner, Lightspeed Venture Partners
“We went from an initial $50,000 offer to a $1.75 million settlement in mediation by using EvenUp’s Case Companion to dismantle the defense’s arguments in real time. But it’s not just EvenUp’s results – their pace of innovation is unmatched. Every month, they ship something new that meaningfully improves our workflow. That consistency is rare, and it’s why EvenUp has become a critical partner for our firm.”— Kyle Wright, Managing Attorney, Wisehart Wright
“We scaled past $500M in annual results with 70% YoY growth, all without increasing headcount. EvenUp has been a key partner in that journey.”— Steve Mehr, Founding Partner, Sweet James
“EvenUp has become the backbone of our practice, driving us to operate at a higher level from intake to resolution. Their unmatched pace of innovation makes them more than a tool for today; they’re a long-term partner in building the future of personal injury law.”— John K. Zaid, Managing Partner and Founder, John K. Zaid & Associates
