EvenUp Secures $150M Series E at $2 Billion+ Valuation to Disrupt Personal Injury Law

EvenUp has secured a landmark $150 million Series E funding round, led by Bessemer Venture Partners, pushing its valuation beyond $2 billion. The round drew support from major backers including REV—the venture arm of RELX, parent company of LexisNexis Legal & Professional—along with B Capital, SignalFire, Adams Street, Premji Invest, Bain Capital, HarbourVest, Lightspeed, and Broadlight Capital.

The raise, among the largest ever in the legal AI space, brings EvenUp’s total funding to $385 million and marks its fourth round in just two years. Each previous round was preempted by investors, a signal of both the company’s momentum and growing conviction in AI’s ability to transform the legal sector.

Building the Backbone of Personal Injury Law

At the center of EvenUp’s growth is its Claims Intelligence Platform, powered by the proprietary Piai™ model. Trained on hundreds of thousands of personal injury cases and millions of medical records, the platform doesn’t just assist lawyers—it strategizes, drafts, and reviews cases at scale. By automating repetitive legal tasks, it enables firms to resolve cases faster, secure fairer settlements, and spend more time advocating for clients.

The company says its technology has already helped secure billions of dollars in settlements while compressing timelines by the equivalent of thousands of years of cumulative case resolution. “Legal AI is no longer a side bet; it’s becoming the backbone of personal injury law,” said Rami Karabibar, CEO and co-founder. “In just six months, the number of cases processed on our platform nearly doubled to 10,000 per week. Firms are growing revenue without adding staff, while victims get better results faster.”

Rapid Adoption Across the Legal Industry

EvenUp’s impact is quantifiable. The company has already helped resolve more than 200,000 cases, representing over $10 billion in damages recovered for victims. More than 2,000 law firms now use its platform—including about 20 percent of the top 100 personal injury firms in the United States.

That traction has translated into business performance, with annual recurring revenue doubling year-over-year. Investors believe this signals the start of a structural shift in how law firms operate. Sameer Dholakia, partner at Bessemer Venture Partners, described the company’s mission as giving every personal injury attorney “a trusted AI partner that brings the collective wisdom of hundreds of thousands of cases to every decision.”

Executives across the legal ecosystem echo that sentiment. Sean Fitzpatrick, CEO of LexisNexis Legal & Professional North America, said the investment reflects a commitment to “customer-centric innovation that helps legal professionals achieve better outcomes.” Sebastian Duesterhoeft, partner at Lightspeed Venture Partners, added that EvenUp’s combination of proprietary data, domain expertise, and measurable results “sets a new bar for what legal AI should deliver.”

Product Innovation at Breakneck Speed

A defining feature of EvenUp’s success has been its relentless product velocity. The company reports that new AI products launched this year account for nearly 90 percent of new sales, underscoring how quickly law firms are adopting the technology.

One standout is Mirror Mode, an AI-powered feature that allows firms to upload a winning draft—such as a demand letter or motion—and automatically generate tailored versions that mimic its tone, structure, and reasoning. The result is personalization at scale: every document benefits from a firm’s best prior work, while maintaining quality and consistency.

Law firms across the country are reporting measurable gains. Kyle Wright, managing attorney at Wisehart Wright in Ohio, said his firm increased an initial settlement offer from $50,000 to $1.75 million after using EvenUp’s Case Companion to dismantle opposing arguments in real time. Others cite revenue growth of more than 70 percent year-over-year without expanding staff—evidence that AI-driven efficiency is already reshaping profitability models.

What AI Means for the Future of Legal Practice

The rise of platforms like EvenUp points toward a new chapter in legal services—one where AI becomes integral infrastructure rather than a niche tool. In personal injury law, the implications are profound. Smaller firms can now leverage data-driven insights once reserved for large practices, leveling the playing field for clients who might otherwise be outmatched.

This democratization of capability could narrow the justice gap, giving more victims access to high-quality representation and faster resolutions. As machine learning systems refine their understanding of outcomes across millions of cases, they’ll likely help standardize best practices and reduce disparities between firms of different sizes.

In the broader legal ecosystem, this shift may also redefine the economics of law itself. As AI takes on the heavy lifting of document creation, evidence review, and case analysis, lawyers can focus on strategy, negotiation, and human judgment—the parts of advocacy that machines cannot replicate.

While challenges around data privacy and ethical use remain, the trajectory is clear: AI isn’t replacing lawyers; it’s elevating what legal work can be. And as this technology continues to evolve, the justice system may grow not only faster—but fairer.