EvenUp

EvenUp is a venture-backed operating company, not a fund, so capital allocation decisions are made by the founding executive team — CEO Rami Karabibar, COO Raymond Mieszaniec, and Chief of Product & Legal Operations Saam Mashhad — subject to board governance typical of late-stage startups. Investment in the business itself is led by external venture firms that have supplied $385 million in total disclosed funding.

EvenUp built its AI model, Piai, on a dataset that the firm says includes hundreds of thousands of personal injury cases and millions of medical records. The data is sourced directly from the production workflows of the 2,000-plus PI law firms that use the platform, creating a flywheel where usage generates training data that competitors cannot easily replicate.

EvenUp is a vertical AI company that combines SaaS with a managed-services layer called Pre-Litigation as a Service (PLAAS). The software automates document drafting, case analysis, and workflow management, while PLAAS performs operational tasks such as retrieving medical records and calling carriers — making the firm a hybrid technology-and-services provider rather than a pure software vendor.

EvenUp is the operating company and does not make external investments. As a corporate entity, it has raised venture funding through a Series E round that valued the company above $2 billion, placing it in the late-stage venture category. The firm's capital is deployed entirely toward product development, hiring, and go-to-market expansion.

EvenUp focuses exclusively on the personal injury segment of legal services. The firm does not offer tools for corporate law, intellectual property, criminal defense, or estate planning. Within personal injury, its platform covers pre-litigation and litigation workflows but does not currently extend into adjacent practice areas such as workers' compensation or mass tort administration.

EvenUp is a third-party technology and services provider; it does not own or formally affiliate with any of the law firms it serves. Named customer firms include John K. Zaid and Associates and Batta Fulkerson Law Group, but these relationships are commercial and non-exclusive. EvenUp holds no equity in its client firms and does not share in contingent-fee recoveries.

EvenUp does not co-invest alongside external general partners. As a private operating company, it has no fund structure and does not deploy capital into other managers or portfolio companies. All capital raised — $385 million across multiple rounds — finances the company's own operations and growth.