AI startup for injury lawyers hits $150 million in yearly contracts

EvenUp, a seven-year-old company that sells AI software to personal injury law firms, says it now has $150 million in recurring revenue under contract. CEO Rami Karabibar shared the figure with Business Insider. While better-known startups Harvey and Legora compete for big law firms, EvenUp has built its business with smaller firms that represent injured people.

What EvenUp does

The company started by automating demand letters. These are detailed documents that injury lawyers send to insurers to make the case for a settlement. Over the past 18 months, EvenUp has added software that helps lawyers manage a case from start to finish. Its newest product combines AI agents with human case managers to handle much of the work that happens before a lawsuit is filed.

The numbers

• More than 2,000 personal injury firms use EvenUp.
• The company supports 20,000 cases each week.
• In early 2025, demand letters were over 90% of revenue. Now they are under a quarter.
• Firms pay a fixed price per case and sign annual contracts for a set number of cases.

Why injury law is a fit

Law firms that bill by the hour face a problem with AI. Software that makes lawyers faster could shrink the hours they can charge for. Personal injury firms usually work on contingency, meaning they take a cut of what their clients win. The faster a case moves, the sooner the firm gets paid. The article does not say whether clients see faster results, but the incentive points that way.

Rivals and what comes next

EvenUp is not alone. Eve, founded a year after EvenUp, says it serves nearly 2,000 plaintiff-side firms, up from more than 1,400 in June. Supio says it more than doubled its customers in the first half of this year, though it would not say how many it has. The article describes the market as still up for grabs.

EvenUp says most of its law firm customers use only one of its products, so it sees room to sell more to them. It hired Stevie Case, a former chief revenue officer at Vanta, as president of field operations. She will oversee sales, marketing and customer service. EvenUp also raised $150 million in a Series E funding round led by existing investor Bessemer Venture Partners. Karabibar said the company has not touched any of it yet.

What is not known

The revenue and customer figures come from the companies themselves. The article does not show outside checks, and it does not say how the software affects settlement amounts or timing for clients.