EvenUp

Overview
News
LegalTech?
Product stageSegments
Growth
?
Legal research, AI systems, and analytics, GenAI-based LegalTech
?

EvenUp is an AI-powered platform that specializes in automating and optimizing personal injury legal workflows. The company's flagship product uses AI to accurately review documents, extract relevant medical information and bills, and summarize data into case narratives for demand letters. EvenUp's proprietary database informs its analysis of a case's true merit and value. This technology enables personal injury attorneys to generate high-quality, customized demand packages in minutes rather than hours, leading to faster settlements and potentially higher payouts for clients. As of June 2023, EvenUp was processing over 1,000 demands per month and had helped lawyers and victims claim more than USD 350 million in damages. The company reports that its approach achieves 30% higher claims on average and accelerates settlements.

Key customers and partnerships

EvenUp has rapidly gained traction in the legal industry, with over 200 law firms utilizing its platform as of June 2023. The company has established partnerships with key players in the legal technology space, including an integration with Litify, a legal practice operating platform. This integration allows personal injury attorneys using Litify to request AI-generated demand packages directly from their dashboard. EvenUp has also attracted investment from notable entities in the legal and technology sectors. In June 2023, the company raised USD 50.5 million in a Series B funding round led by Bessemer Venture Partners, with participation from Bain Capital Ventures and Clio Ventures, among others. This investment reflects the growing interest in AI-powered legal solutions and EvenUp's position as a leader in this emerging field.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
2261 Market St #4068 San Francisco CA USA
Founded year:
2019
Employees:
251-500
IPO status:
Private
Total funding:
USD 85.5 mn
Last Funding:
USD 35.0 mn (Series C; Dec 2023)
Last valuation:
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Key competitors
 
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