EvenUp

EvenUp develops an AI platform, marketed as the Claims Intelligence Platform, for plaintiff-side personal injury (PI) law firms in the United States. The platform is powered by a proprietary model the company calls Piai, described as trained on hundreds of thousands of injury cases and millions of medical records, plus a dataset of more than 250,000 public verdicts and private settlements. The company's original flagship product generated AI-drafted demand packages — the document sent to a liable party containing a case overview, liability argument, proposed settlement value and supporting medical records — a task that traditionally consumed hours of paralegal and attorney time.

The product line has since expanded to cover the full case lifecycle. Pre-litigation modules address intake (screening new files in a firm's case management system, opening claims and verifying coverage), treatment tracking (care timelines, recovery of missing medical documents), demand drafting and negotiation support. Litigation modules cover discovery drafting and response, exhibit management, medical chronologies and drafting of motions and briefs. Cross-cutting capabilities marketed on the company site include AI Drafting, an AI Assistant, Proactive Workflows/AI Playbooks, Communication Agents, executive analytics, case-management-system integrations, and "Pre-Litigation as a Service" (PLAAS). Products introduced around the 2025 Series E include Mirror Mode, which reproduces a firm's preferred language and structure from an uploaded model document, and Smart Workflows, which surfaces recommendations across the case lifecycle.

The company states its platform is SOC 2-audited and HIPAA-attested, and that it maintains sales representation across U.S. territories.

Founding story

EvenUp was founded in 2019 by Rami Karabibar (CEO), Raymond "Ray" Mieszaniec (COO) and Saam Mashhad (Chief of Product & Legal Operations, a former litigation attorney). Mieszaniec's motivation stemmed from a childhood car accident that left his father permanently disabled; his immigrant family settled with the insurer under financial pressure for a fraction of what the claim could have been worth. The founders' stated aim was to level the playing field between claimants and insurers — the origin of the name "EvenUp." The founders told Fortune they were rejected from Y Combinator at least three times and held hundreds of investor meetings before raising, with investors initially dismissing legal tech, AI and personal injury.

Business model

B2B software sold to personal injury law firms, combining AI-generated work product with legal-reviewed outputs on certain document types. Fortune reports that EvenUp's largest customer pays over $4 million annually, indicating enterprise-scale contracts alongside smaller firm accounts. Bessemer characterizes the company as a vertical SaaS business.

Recurring software revenue; the company reports ARR doubling year over year as of October 2025 and more than 5x growth since Lightspeed's Series C investment. Newer AI products launched in 2025 account for roughly 90% of new sales.

Traction

As of October 2025: over 2,000 U.S. firms as customers, more than 200,000 cases resolved, over $10 billion in damages claimed, and approximately 10,000 cases processed per week — roughly double the volume of six months earlier. Reported customer outcomes include Wisehart Wright moving from a $50,000 offer to a $1.75 million settlement using Case Companion, and Sweet James exceeding $500 million in annual results with 70% year-over-year growth without adding headcount.

Latest developments

On October 7, 2025 EvenUp announced its $150 million Series E led by Bessemer Venture Partners at a valuation over $2 billion, alongside the launch of Mirror Mode. The company's site also promotes Pre-Litigation as a Service (PLAAS) and newly launched Proactive Communication Agents for client communication and administrative work.