Eve, an AI platform for plaintiffs\u2019 law firms, has raised $103 million in Series B funding at over a $1 billion valuation, it said today. The round was led by Spark Capital, with participation from existing investors Andreessen Horowitz, Lightspeed Venture Partners, and Menlo Ventures. This follows the company Series A raise of $47 million [\u2026]<\/p>\n
Eve<\/a>, an AI platform for plaintiffs\u2019 law firms, has raised $103 million in Series B funding at over a $1 billion valuation, it said today. The round was led by Spark Capital, with participation from existing investors Andreessen Horowitz, Lightspeed Venture Partners, and Menlo Ventures.<\/p>\n This follows the company Series A raise of $47 million<\/a> last January. Since then, the company says, it has experienced significant growth,\u00a0adding more than 350 new firms as customers, and bringing its total customer base to more than 450 firms.<\/p>\n The company says the platform now processes more than 200,000 legal cases annually and has helped firms collectively recover over $3.5 billion in settlements and judgments.<\/p>\n In an interview for my LawNext podcast<\/a> last March, Eve\u2019s cofounder and CEO\u00a0Jay Madheswaran<\/a> tole me that Eve\u2019s mission was to transform traditional plaintiffs\u2019 firms into what he called \u201cAI-native law firms.\u201d<\/p>\n Eve sought to do this, he said, with technology that does not just automate tasks but fundamentally changes how legal services are delivered, in part by encoding firms\u2019 unique knowledge and processes into intelligent systems.<\/p>\n