EvenUp, an artificial intelligence provider specializing in legal technology, announced Tuesday a $150 million Series E funding round led by Bessemer Venture Partners that values the company at over $2 billion.
Why this matters: The substantial funding and valuation highlight the increasing demand for AI solutions in the traditionally conservative legal industry.
- Legal technology represents a significant market opportunity as law firms seek to modernize operations and improve client outcomes.
- The $2 billion valuation places EvenUp among the most valuable companies in the legal AI space.
- This investment reflects broader investor confidence in AI applications beyond consumer technology.
What you should know: The funding round represents a major milestone for EvenUp’s growth trajectory in the competitive legal AI market.
- Bessemer Venture Partners led the $150 million Series E investment round.
- The funding values EvenUp at over $2 billion, marking a substantial increase from previous valuations.
- EvenUp provides AI-powered solutions designed to streamline legal processes and improve efficiency for law firms.
The big picture: EvenUp’s funding success comes amid a broader wave of investment in specialized AI applications across professional services.
- Legal AI companies are attracting significant venture capital as firms look to automate routine tasks and enhance decision-making.
- The legal industry’s gradual adoption of AI technology creates opportunities for companies that can demonstrate clear value propositions.
- Bessemer Venture Partners’ leadership in the round signals institutional investor confidence in EvenUp’s market position and growth potential.
Recent Stories
DOE fusion roadmap targets 2030s commercial deployment as AI drives $9B investment
The Department of Energy has released a new roadmap targeting commercial-scale fusion power deployment by the mid-2030s, though the plan lacks specific funding commitments and relies on scientific breakthroughs that have eluded researchers for decades. The strategy emphasizes public-private partnerships and positions AI as both a research tool and motivation for developing fusion energy to meet data centers' growing electricity demands. The big picture: The DOE's roadmap aims to "deliver the public infrastructure that supports the fusion private sector scale up in the 2030s," but acknowledges it cannot commit to specific funding levels and remains subject to Congressional appropriations. Why...
Oct 17, 2025Tying it all together: Credo’s purple cables power the $4B AI data center boom
Credo, a Silicon Valley semiconductor company specializing in data center cables and chips, has seen its stock price more than double this year to $143.61, following a 245% surge in 2024. The company's signature purple cables, which cost between $300-$500 each, have become essential infrastructure for AI data centers, positioning Credo to capitalize on the trillion-dollar AI infrastructure expansion as hyperscalers like Amazon, Microsoft, and Elon Musk's xAI rapidly build out massive computing facilities. What you should know: Credo's active electrical cables (AECs) are becoming indispensable for connecting the massive GPU clusters required for AI training and inference. The company...
Oct 17, 2025Vatican launches Latin American AI network for human development
The Vatican hosted a two-day conference bringing together 50 global experts to explore how artificial intelligence can advance peace, social justice, and human development. The event launched the Latin American AI Network for Integral Human Development and established principles for ethical AI governance that prioritize human dignity over technological advancement. What you should know: The Pontifical Academy of Social Sciences, the Vatican's research body for social issues, organized the "Digital Rerum Novarum" conference on October 16-17, combining academic research with practical AI applications. Participants included leading experts from MIT, Microsoft, Columbia University, the UN, and major European institutions. The conference...