EvenUp hits $150M in contracted recurring revenue selling AI to personal injury lawyers, hires Vanta's CRO
What happened? EvenUp, which sells AI software to plaintiff-side personal injury law firms, has reached $150 million in recurring revenue under contract, co-founder and CEO Rami KarabibarDealroom has a profile for this one. Try Dealroom → told Business Insider on 9 November.
From one product to a platform: The seven-year-old company started by automating demand letters, the documents personal injury lawyers send insurers to argue for a settlement. In early 2025 those letters made up more than 90% of revenue; after 18 months of expanding into end-to-end case management, and a newer offering that pairs AI agents with human case managers for pre-litigation work, they are now less than a quarter. EvenUp serves more than 2,000 firms and supports 20,000 cases a week. Firms pay a fixed price per case and sign annual contracts committing to a case volume.
Why the model fits: Hourly-billing firms risk cannibalising their own revenue when AI makes lawyers faster. Personal injury firms mostly work on contingency, so speeding up cases means getting paid sooner.
New hire and competition: EvenUp has hired Stevie CaseDealroom has a profile for this one. Try Dealroom →, previously chief revenue officer of Vanta, as president of field operations, overseeing sales, marketing and customer service. Rivals are growing too: Eve says it serves nearly 2,000 plaintiff firms, up from more than 1,400 in June, and Supio says it more than doubled its customer base in the first half of the year. EvenUp raised a $150 million Series E led by Bessemer Venture Partners last year, and Karabibar says it has not yet touched that money.
Source: Business Insider. Investor Aaref Hilaly predicted EvenUp will one day be a Harvard Business School case study on how AI transformed an industry previously untouched by software.
