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EvenUp, an AI startup focused on personal injury AI and document generation, announced this week that it raised a $135 million Series D funding round, leading to a valuation over $1 billion, per a press release. The round was led by Bain Capital Ventures, and brings EvenUp’s total funding to $235 million.
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The startup’s Claims Intelligence Platform is powered by its AI model called Piai. The model was “trained on hundreds of thousands of injury cases, millions of medical records and visits, and internal legal expertise,” according to the startup.
“At EvenUp, we’re committed to revolutionizing the personal injury sector in the U.S,” Rami Karabibar, EvenUp co-founder and chief executive, told Quartz. “With our Series D, we’re dedicated to driving further innovation by bringing new products and features to market to strengthen our leadership position in legal-focused generative AI.”
EvenUp is “fully dedicated to supporting our customers by freeing up their time in routine tasks, allowing them to focus more on what truly matters—their clients,” Karabibar said.
The company says over 1,000 law firms have used its platform to claim over $1.5 billion in damages.