EvenUp, a leading AI-driven company specializing in providing support for personal injury lawyers, announced today that it has successfully raised $50.5 million in Series B funding.

The funding round was led by Bessemer Venture Partners, a prominent venture capital firm, with participation from other notable investors including Bain Capital Ventures, Scott Belsky, Clio, SignalFire, DCM, NFX, and Gokul Rajaram.

The latest investment brings EvenUp’s valuation to an impressive $325 million, highlighting the growing recognition and confidence in the company’s innovative approach to the legal industry. As part of the funding, Sameer Dholakia, a partner at Bessemer Venture Partners and co-lead of the firm’s growth investment practice, will join EvenUp’s board of directors.

EvenUp utilizes a powerful combination of artificial intelligence (AI) and human legal expertise to provide comprehensive support to personal injury lawyers. Its proprietary software analyzes a wide range of medical and police records, covering cases from motor vehicle accidents and natural disasters to instances of police brutality and child abuse. By leveraging machine learning and its cutting-edge generative AI tool, known as Litty, EvenUp streamlines the legal value chain and significantly reduces manual effort, ultimately maximizing case outcomes.

The core offering of EvenUp revolves around transforming raw case files, including medical records, bills, and police reports, into AI-generated legal documents known as demand packages. These demand packages accurately assess the value of injury cases, empowering injury attorneys to expedite settlements and secure full compensation for their clients.

CEO Rami Karabibar leads EvenUp, bringing a wealth of expertise in the legal tech space. Karabibar expressed excitement about the successful funding round and the opportunities it presents for the company’s growth. He emphasized EvenUp’s commitment to leveraging AI and innovative technologies to revolutionize the personal injury law landscape and ensure that clients receive the compensation they rightfully deserve.

The newly secured funds will be used to fuel EvenUp’s expansion efforts, including scaling its operations, hiring top talent, and further developing its AI-driven technologies. Additionally, the company plans to introduce new solutions tailored not only to personal injury law but also to other fields within the legal domain.

EvenUp’s groundbreaking approach has attracted significant attention from investors, including notable tech entrepreneurs such as Adam D’Angelo, CEO of Quora, and Kevin Hartz, CEO of Eventbrite. The company has also received backing from prominent figures like Nas, Jared Leto, and Byron Jones.

With this substantial injection of capital, EvenUp is well-positioned to solidify its position as a leader in AI-driven support for personal injury lawyers, offering game-changing solutions that streamline legal processes and maximize outcomes for clients.

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