Eve, a San Francisco startup developing AI tools for plaintiffs’ law firms, announced on Tuesday that it secured $103 million in new funding, valuing the company at $1 billion. The round was led by Spark Capital, with additional backing from Andreessen Horowitz, Lightspeed Venture Partners, and Menlo Ventures.
Eve’s AI platform assists plaintiff lawyers with case evaluation, document and demand letter drafting, medical chronology generation, and managing discovery requests. The company reports having over 450 law firm clients. CEO and co-founder Jay Madheswaran noted that while legal tech investment has traditionally focused on defence-side solutions, growing competition and broader AI adoption are driving more plaintiff-side firms to embrace technology. Eve has now raised a total of $164 million.
Other startups in the same niche have seen similar success: EvenUp reached a $1 billion valuation after a $135 million raise last year, and Supio secured $60 million in April. Meanwhile, AI-driven legal tech companies serving corporate firms and in-house teams have also drawn significant investment—Filevine, for instance, recently raised $400 million and now earns more from its AI products than from its traditional software.
Source: Reuters
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