Bessemer Venture Partners leads one of the largest legal AI rounds ever, backing EvenUp’smission to close the justice gap by empowering personal injury firms to deliver fairer outcomes.

SAN FRANCISCO–(BUSINESS WIRE)–EvenUp, the category leader in AI for personal injury law, today announced it has raised a $150 million Series E round led by Bessemer Venture Partners; with participation from REV, the venture capital arm of RELX, which owns LexisNexis Legal & Professional; B Capital; SignalFire; Adams Street; Bain Capital; HarbourVest; Lightspeed; and Broadlight Capital. The funding brings EvenUp’s total capital raised to $385 million and its valuation to over $2 billion — more than doubling in less than a year. It also marks EvenUp’s fourth financing round in just 24 months, each of them preempted by investors, underscoring both the company’s momentum and the market’s conviction in its mission.

Building the Backbone of Personal Injury Law

EvenUp’s Claims Intelligence Platform™, powered by its proprietary Piai™ model, is trained on hundreds of thousands of injury cases and millions of medical records. Unlike traditional tools, EvenUp’s AI acts proactively, drafting, reviewing, and strategizing at superhuman scale across the entire case lifecycle. The result: the platform has already helped secure billions of dollars in settlements, accelerated case timelines by the equivalent of many thousands of years of earlier resolutions, and freed attorneys to focus on achieving the best outcomes for their 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

To date, EvenUp has helped resolve more than 200,000 cases, securing over $10 billion in damages for injury victims. Today, over 2,000 firms—including 20% of the Top 100 U.S. personal injury firms—depend on EvenUp’s platform. With ARR doubling year-over-year, EvenUp is establishing itself as the AI platform of choice 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.”

“LexisNexis Legal & Professional and REV invest in customer-centric innovators who strive to make it easier for legal professionals to do their work,” said Sean Fitzpatrick, CEO of LexisNexis North America, UK & Ireland. “EvenUp shares our commitment to advancing legal AI innovation that helps professionals achieve better outcomes and drive greater value for their organizations.”

“EvenUp is the clear leader in personal injury AI,” said Sebastian Duesterhoeft, partner at Lightspeed Venture Partners. “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’s newest AI products, launched earlier this year, are fueling rapid adoption and now account for nearly 90% of new sales — clear proof that product velocity is driving the company’s growth. These solutions support the entire case lifecycle, from generating any document a firm needs to surfacing insights that help cases settle faster and achieve better outcomes.

Building on that momentum, EvenUp today unveiled Mirror Mode, the first-of-its-kind AI tool that allows firms to replicate their best work across all of their document-based workflows. By uploading a winning draft, firms can instantly generate tailored versions that mirror its language, style, and structure – delivering personalization at scale and ensuring every case begins from its strongest foundation.

EvenUp’s impact is already being felt across the personal injury industry:

“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, 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.”

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

“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,” said John K. Zaid, Managing Partner and Founder, John K. Zaid & Associates, Texas.

Founder Perspective & Expanding Footprint

Founded in 2019, EvenUp was built as an AI-first company well before the current wave of adoption, grounded in the belief that artificial intelligence could transform how personal injury law operates. Unlike most AI startups, EvenUp was created by three co-founders with direct, insider experience in personal injury. CPO Saam Mashhad, a practicing attorney, saw firsthand how much case value is lost without the right tools. COO Raymond Mieszaniec experienced the impact of a life-changing accident in his own family, giving him a personal understanding of what’s at stake for victims. CEO Rami Karabibar came from mobility startups, including Waymo, where he witnessed the enormous costs and inefficiencies of handling injury claims at scale – and the absence of technology to fix them.

The company recently expanded its footprint, with a new brick-and-mortar headquarters in San Francisco, and plans to grow its team across the U.S. and Canada.

About EvenUp

EvenUp is on a mission to close the justice gap with AI-powered technology that empowers personal injury firms to deliver higher standards of representation and fairer outcomes for millions of injury victims. Its Claims Intelligence Platform™ streamlines workflows, automates documents, and provides actionable insights across the entire case lifecycle. EvenUp is backed by leading investors, including Bessemer Venture Partners; B Capital; REV, the venture capital arm of RELX, which owns LexisNexis; Premji; Lightspeed; Bain Capital Ventures (BCV); SignalFire; NFX; DCM; and more.

About Bessemer Venture Partners

Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 150 IPOs and 350 portfolio companies in the enterprise, consumer, and healthcare spaces, Bessemer supports founders and CEOs from their earliest days through every stage of growth. Bessemer’s global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, Toast, and ServiceTitan, and the firm has $19 billion of assets under management. Bessemer has investment teams located in San Francisco, Silicon Valley, New York, Boston, London, Bangalore, and Tel Aviv. Born from innovations in steel more than a century ago, Bessemer’s storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio).

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