Eve achieved a $1 billion post-money valuation in September 2025 following a $103 million Series B round led by Spark Capital.

The company previously raised a $47 million Series A in January 2025 led by Andreessen Horowitz, with participation from Lightspeed Venture Partners and Menlo Ventures. Prior to that, Eve secured a $14 million seed round in October 2023, also led by Lightspeed and Menlo Ventures.

In total, Eve has raised $164 million across all funding rounds.

Eve is a cloud-based AI assistant designed specifically for plaintiffs' law firms. The platform functions as a comprehensive workspace where attorneys can manage cases from initial intake through discovery.

The intake system includes 24/7 AI voice agents that handle after-hours calls, transcribe conversations, and automatically score leads before pushing qualified matters into existing CRM systems like Clio or MyCase. Attorneys can upload case documents, emails, or audio files, and Eve extracts key information like parties involved, injuries, timelines, and potential causes of action.

For medical records, Eve builds chronological narratives of treatment with a 15-minute service level agreement, highlighting problematic facts and staying synchronized as new records arrive. The drafting suite uses firm-specific templates and tone to generate demand letters, complaints, motions, and correspondence with unlimited regenerations.

The discovery automation generates interrogatories, requests for admission, and requests for production with one click. It can also flip to response mode, where Eve proposes objections and suggests client follow-ups.

The newest feature, Reasoning Mode, forces the underlying language model to use step-by-step reasoning for complex tasks like damages modeling, multi-claim analysis, and settlement range predictions. This capability targets senior associate-level work and can be embedded in custom workflows called Playbooks.

Eve operates as a B2B SaaS platform targeting plaintiffs' law firms with a subscription model. The company charges approximately $500 per attorney per month, positioning itself as a premium AI solution for legal professionals.

The platform integrates directly with existing practice management systems, allowing firms to adopt Eve without disrupting their current workflows. This integration strategy reduces switching costs and accelerates adoption among target customers.

Eve's value proposition centers on time savings, with the company promising attorneys can save more than 15 hours per week through automation. This translates to significant cost savings for firms, as the monthly subscription cost is typically lower than the billable hour equivalent of time saved.

The business model benefits from strong expansion dynamics within existing customers. As firms see results from initial use cases like intake or medical chronologies, they tend to adopt additional modules and add more users to their subscriptions.

Eve trains on firm-specific data to improve accuracy and relevance, creating switching costs as the platform becomes more valuable over time. The company maintains data security by keeping client information walled off from the open web and storing documents in secure, isolated workspaces.

Filevine has evolved from a practice management incumbent into an AI-focused platform, now earning more revenue from AI features than legacy software. The company launched conversational AI features and raised $400 million in March 2025 to accelerate AI development.

Litify operates as a Salesforce-based practice management platform that's rolling out AI capabilities across document intake and case management. Rather than building everything in-house, Litify has taken a partner ecosystem approach, integrating with specialized tools like EvenUp for automated demand packages.

These platforms compete by offering AI as part of a broader practice management suite, potentially reducing the need for standalone AI tools like Eve.

EvenUp focuses specifically on claims intelligence and demand package generation, processing over 1,600 demand letters and medical chronologies per week. The company raised $235 million and achieved a $1 billion valuation in October 2024, positioning itself as the leader in pre-litigation settlement leverage.

Supio offers fact-checked drafting for complaints, demands, and interrogatory responses built on its CaseAware AI platform. The company raised $60 million in April 2025 and emphasizes accuracy through its fact-checking capabilities.

These point solutions compete directly with specific Eve modules but lack the end-to-end workflow coverage that Eve provides.

Harvey operates across multiple legal practice areas with large language models, achieving a $3 billion valuation and targeting high-revenue legal research and document generation. While Harvey focuses more on corporate law, there's potential overlap in document drafting and analysis capabilities.

Luminance specializes in AI-driven contract review and negotiation with $30 million in ARR, demonstrating the broader trend toward AI adoption in legal workflows. These platforms validate the market opportunity but typically serve different customer segments than Eve's plaintiffs-focused approach.

Eve's AI Intake Specialist extends the platform upstream into marketing and lead capture with 24/7 voice agents, call transcription, automated lead scoring, and CRM integrations. This positions Eve to capture revenue from the entire client acquisition funnel rather than just post-intake case management.

Reasoning Mode enables Eve to handle senior-level strategic analysis including damages calculations, settlement value ranges, and cross-document consistency checks. This opens opportunities in complex mass tort and employment class actions where higher-value analytical work commands premium pricing.

Future product extensions could include deposition summarization and trial preparation bundles, medical bill auditing and liens negotiation, and litigation funding analytics that score cases for third-party funders.

The core US personal injury market includes approximately 48,000 personal injury attorney businesses, giving Eve less than 1% market penetration with its current 450+ customers. This represents significant room for growth within the existing target market.

Adjacent practice areas that share contingency fee economics include workers' compensation, consumer protection, employment law, and Social Security disability. These segments roughly double the addressable firm count without requiring major product changes.

Small firm technology budgets are increasing rapidly, with solo and small firms now spending $10,000 to $20,000 annually on software and mid-sized firms allocating $50 to $350 per lawyer per month for AI tools specifically.

Common law jurisdictions like Canada, the UK, and Australia share similar legal procedures and have substantial personal injury practices. These markets face fewer data residency challenges than continental European markets.

New regulatory sandboxes in states like Utah, Arizona, and Washington are loosening restrictions on AI usage and non-law-firm ownership, creating opportunities for more direct market entry and joint ventures.

International expansion could leverage Eve's existing AI infrastructure while adapting to local legal procedures and languages.

Model commoditization: As large language models become more accessible and legal-specific training data becomes widely available, Eve's core AI capabilities could become commoditized. Established practice management platforms with existing customer relationships might integrate similar AI features, reducing Eve's differentiation and pricing power.

Regulatory constraints: The legal profession faces strict regulations around client confidentiality, unauthorized practice of law, and professional responsibility. Changes in bar association rules or court decisions regarding AI usage in legal practice could limit Eve's functionality or require costly compliance modifications that impact margins.

Customer concentration: Plaintiffs' firms often operate with volatile cash flows tied to case outcomes and settlement timing. Economic downturns or changes in tort law that reduce settlement values could force customers to cut technology spending, while the specialized nature of Eve's platform limits its ability to pivot to other customer segments quickly.