Tripling down on EvenUp to redefine justice with AI
Bessemer Venture Partners leads EvenUp’s $150M Series E to close the justice gap and empower injury victims through innovative AI technology.
When Bessemer first partnered with the team at EvenUp, leading their Series B in 2023, we saw the potential for a company that could transform access to justice with AI. Two years later, EvenUp has validated that vision and exceeded expectations at every turn. Leading this $150 million Series E represents our third and largest investment in EvenUp, underscoring our conviction that it has become the definitive vertical AI platform for personal injury law.
Building the backbone of personal injury law
EvenUp’s journey exemplifies the power of methodical product expansion and deep customer understanding. The company began by solving critical pain points in document creation, starting with demand letters that accurately reflect case value, then expanding to medical chronologies and other essential legal documents. Work that once consumed hours of attorney and paralegal time could now be completed in minutes, with greater accuracy and consistency.
But the documents were just the beginning. These early products earned the team something invaluable: the trust of law firms and insight into how legal work actually gets done. EvenUp then expanded into a full Claims Intelligence Platform™, proactively drafting, reviewing, and strategizing across the entire case lifecycle. Today, the platform supports more than 2,000 firms — including 20% of the Top 100 U.S. personal injury firms — and processes over 10,000 cases weekly, helping secure over $10 billion in settlements for victims and accelerating case timelines by the equivalent of thousands of years.
Proprietary models, proven impact
In personal injury law, 90% accuracy isn’t enough. Every document must withstand courtroom scrutiny. EvenUp delivers that trust through its proprietary Piai™ model, trained on hundreds of thousands of cases and millions of medical records. With each case processed, the system becomes more precise, widening the gap between EvenUp and its competitors. This advantage translates directly into results: one attorney shared how an initial $50,000 offer turned into a $1.75 million settlement using EvenUp’s Case Companion to dismantle defense arguments in real time. Firms like Sweet James, which scaled past $500M in annual results with 70% YoY growth without adding headcount, point to EvenUp as a critical partner in their success.
We're enthused to triple invest in EvenUp because of its exceptional product velocity and relentless execution. The company has been doubling its ARR year-over-year, and their pace of innovation has been unmatched. Its newest AI products now account for nearly 90% of new sales, clear evidence that the market is demanding more than just incremental improvements. The company recently launched Mirror Mode, a first-of-its-kind feature that allows firms to replicate their best work across document workflows — instantly generating tailored versions that mirror a winning draft’s style, structure, and tone.
This ability to continuously innovate and ship products that directly improve case outcomes is why EvenUp has become indispensable to law firms. As one managing partner put it, “EvenUp has become the backbone of our practice, driving us to operate at a higher level from intake to resolution.”
Building the future of justice with firsthand experience
Behind this success is a team that blends professional expertise with personal conviction. CEO Rami Karabibar drew on his experience at Waymo, where he witnessed firsthand the inefficiencies of managing injury claims at scale. COO Raymond Mieszaniec experienced the impact of a life-changing accident in his own family, and CPO Saam Mashhad, a practicing attorney, knew from his own cases how much value is lost without the right tools. Together, they built EvenUp as an AI-first company well before the current wave of adoption, with a mission to level the playing field for injury victims.
The company’s mission to “Even Up” the playing field in personal injury law has never been more achievable. By democratizing access to sophisticated legal tools and embedding the collective wisdom of hundreds of thousands of prior cases into every attorney’s workflow, EvenUp is not just building a great business — it’s addressing a fundamental societal need.
That’s why we’re proud to lead EvenUp’s Series E and continue backing a company that is defining the future of legal AI. Just as word processors became essential to lawyers decades ago, we believe AI will soon be table stakes — and EvenUp will be the gold standard that attorneys trust with their most critical work.
EvenUp is hiring — check out open roles.
