Eve, a US large language model-based plaintiff litigation management platform, has today (30 September) raised $103m Series B at a $1bn valuation. The round was led by Spark Capital, with participation from existing investors Andreessen Horowitz, Lightspeed Venture Partners, and Menlo Ventures.
Announcing the raise on X, CEO and co-founder Jay Madheswaran said: “Huge news out of SF! 🚀 Eve just raised a $103M Series B at a $1B+ valuation. Led by @sparkcapital @a16z @lightspeedvp. Our mission? Arming plaintiff law firms – the ones fighting for individuals against corporate giants – with AI to deliver justice at a scale never seen before.”
Eve positions itself as a David vs Goliath platform to help individuals who are facing large corporate legal teams level the playing field.
Eve only in January announced it has secured $47m Series A. It also unveiled a new tailored offering for personal injury firms, enabling attorney to create detailed medical chronologies, identify key case risks, and calculate damages “within minutes”.
Eve today says it serves over 450 US law firms including Mike Morse Law Firm, The Law Offices of James Scott Farrin, Barrett & Farahany, Disparti Law Group, Frontier Law Center, Laurel Employment Law, and Hershey Law.
“Eve has transformed the way we work,” said Ryan Bliss, Partner & Head of Legal Technology at the Law Offices of James Scott Farrin. “We use it to streamline everything from medical summaries to settlement analysis memos, which frees up our attorneys to focus on strategy instead of paperwork.”
We have yet to speak directly to Eve’s co-founders about the raise but will bring you more when we do.