EvenUp raises $150M series E funding at $2B valuation to redefine personal injury law with AI

Legal tech isn’t known for moving fast, but EvenUp is rewriting that script. In just two years, the San Francisco–based startup has gone from breakout player to category leader in AI for personal injury law — and investors are racing to keep up. The company just raised $150 million in Series E funding, doubling its valuation to more than $2 billion and cementing its position as one of the most significant legal AI bets to date.

The round was led by Bessemer Venture Partners, with participation from REV (the venture capital arm of RELX, parent company of LexisNexis Legal & Professional), B Capital, SignalFire, Adams Street, Bain Capital, HarbourVest, Lightspeed, and Broadlight Capital. It brings EvenUp’s total capital raised to $385 million and marks its fourth financing round in just 24 months — each one preempted by investors eager to get in early.

This surge reflects a clear shift: AI isn’t just supplementing legal work anymore. It’s becoming the infrastructure that firms build on.

With $150M Series E Funding, EvenUp Aims to Become the Backbone of Personal Injury Law

At the core of EvenUp’s momentum is its Claims Intelligence Platform™, powered by the company’s proprietary Piai™ model. Trained on hundreds of thousands of injury cases and millions of medical records, the platform doesn’t just analyze data — it takes action. It drafts, reviews, and strategizes across entire case lifecycles at a scale that would be impossible for even the largest firms to match.

The impact is tangible. The platform has already helped secure billions in settlements, shaved thousands of years off case timelines, and freed attorneys to focus on delivering better outcomes for clients.

“Legal AI is no longer a side bet; it’s becoming the backbone of personal injury law,” said Rami Karabibar, CEO and co-founder of EvenUp. “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.”

Proven Impact by a Category-Defining Company

EvenUp’s numbers speak for themselves. The company has helped resolve more than 200,000 cases to date, securing over $10 billion in damages for injury victims. More than 2,000 law firms — including 20% of the top 100 personal injury firms in the U.S. — now rely on its technology. With annual recurring revenue doubling year over year, EvenUp has become the go-to platform for modern PI law.

“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,” said Sameer Dholakia, partner at Bessemer Venture Partners. “Just as word processors became essential, AI will soon be table stakes, and EvenUp will be the gold standard lawyers rely on.”

Sean Fitzpatrick, CEO of LexisNexis North America, UK & Ireland, said their investment fits squarely with their mission: “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.”

Sebastian Duesterhoeft, partner at Lightspeed Venture Partners, added, “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.”

Product Innovation at Breakneck Speed

EvenUp has built a reputation for moving fast where others stall. New AI products launched earlier this year now account for nearly 90% of new sales, a sign that product velocity is driving adoption. These tools cover the full case lifecycle — from generating documents to surfacing insights that help cases settle faster and deliver stronger outcomes.

One of its standout features is Mirror Mode, an AI tool that lets firms replicate their best work across all document workflows. By uploading a winning draft, firms can instantly generate tailored versions that mirror its language, structure, and style, giving every case a strong starting point.

The results are already showing up in courtrooms and settlements. “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,” said Kyle Wright, Managing Attorney at Wisehart Wright in Ohio. “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.”

Steve Mehr, Founding Partner at Sweet James in California, said, “We scaled past $500M in annual results with 70% YoY growth, all without increasing headcount. EvenUp has been a key partner in that journey.”

John K. Zaid, Managing Partner and Founder at John K. Zaid & Associates in Texas, added, “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.”

Founder Perspective and Expanding Footprint

EvenUp’s founding team brought personal experience to the table. CPO Saam Mashhad is a practicing attorney who saw firsthand how much value was lost without the right tools. COO Raymond Mieszaniec experienced the fallout of a serious accident in his own family. CEO Rami Karabibar came from mobility startups like Waymo, where he witnessed the inefficiencies of handling injury claims at scale and the lack of tech to solve them.

The company recently opened a new headquarters in San Francisco and is expanding across the U.S. and Canada as demand surges.

EvenUp’s mission is to close the justice gap with AI technology that raises the standard of representation for millions of injury victims. Backed by some of the biggest names in venture capital and armed with a product that’s reshaping how legal work gets done, EvenUp is now the company to watch in legal AI.

EvenUp Founders