Legal AI startup Eve raises $47M to help law firms become AI-native – News

Eve, a platform providing a legal AI platform for plaintiff law firms, said today it raised $47 million in Series A funding led by Andreessen Horowitz with participation from Lightspeed Venture Partners and Menlo Ventures.

Today’s financing brings the total raised by Eve to $61 million since the company’s seed funding round in 2023.

Eve describes itself as an AI platform that can provide a legal assistant that can act as a core partner for law firms. It works to alleviate the heavy lifting that most legal professionals do by assisting with day-to-day work such as bulk reading, reviewing interviews, examining case materials and researching case law. It’s designed to go beyond organizing information or organizing legal tasks and acts as a legal teammate, the company said.

“At Eve, we’re committed to helping plaintiff law firms punch above their weight, fighting strategically for their clients,” said Jay Madheswaran, chief executive and co-founder of Eve. “Our platform provides firms with the advanced tools they need to improve client outcomes and drive profitability. We envision a future where every plaintiff firm operates as fully AI-native, delivering advocacy with unmatched efficiency and precision.”

The company said that in the last eight months, it has partnered with more than 80 new law firms. Eve has already signed with multiple high-profile firms including Mike Morse Law Firm, Atlanta Personal Injury Law Group, Barrett & Farahany and Frontier Law Center.

Legal AI is an emerging industry that depends heavily on security, safety and accuracy, especially because the answers that generative AI models provide can be mistaken or questionable. In the past, lawyers using models not designed for the legal industry have gotten themselves in hot water by trusting the results because AI can tend to “hallucinate,” or confidently provide bad answers. For example, in 2023 a lawyer in New York used OpenAI’s ChatGPT, which cited fake cases in a brief he asked it to generate.

Eve said it focuses heavily on creating a trustworthy, complaint AI platform built from the ground up to minimize hallucination risk. It also validates responses, and cites sources and reference documents so that they can be easily checked.

Alongside the funding, the company announced it is expanding its AI offerings for personal injury firms to help them navigate complex cases involving medical issues and damages. Using this service, Eve will assist attorneys in drafting firm-specific demand letters, enable swifter discovery by diving through what would be hours of evidence and information in minutes, and assist with client communications to keep them engaged and satisfied.

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