Plaintiff firms just got their own AI arms dealer.

San Francisco startup Eve raised $103 million (Series B) at a $1 billion valuation to fuel AI for plaintiffs’ firms. Led by Spark Capital with a16z, Lightspeed, and Menlo piling in. Eve now claims 450+ law firm customers, touts tools for case evaluation, demand letter drafting, medical chronologies, and discovery, and takes its total raise to $164 million.

The plaintiffs’ bar has been overlooked by many of the big legal tech tools, but Eve is showing the way big tiime. Founded by Jay Madheswaran (pictured) and co-founders, Matt Noe and David Zeng, Eve has been blazing a highly succesful trail, signing plaintiff firms and others at speed.

and in the wake of Harvey’s big legal tech deals and capitalisation, the time has never been better for well-crafted, multi-pronged and targeted tech tools like Eve.

What Eve actually does

Eve sells an AI stack built for plaintiffs’ workflow: intakes and triage, merits screening, drafting (demands, motions), medical chronology assembly, and discovery gruntwork. The revenue thesis is obvious: increase case throughput without adding headcount and turn eight-hour paralegal chores into something closer to a coffee break.

Eve doesn’t just digitize legal workflows but actually reimagine the entire legal workflow with AI as the foundation. It understands how legal work actually occurs with a more dynamic understanding.

Reuters says firms are adopting because the competition is. That’s the quiet truth of legal tech. No one wants to be first. No one wants to be last, either.

Why it matters (beyond another unicorn headline)

High-volume matters and contingency economics mean time saved is money made. Eve is selling shovels in a goldfield that never closes in the plaintiff arena that provides major opportunity.

The backing from prominent venture firms shows robust belief in the legal AI tools like Eve, with its niche focus on plaintif lawyers, a smart move cornering a market that has been underserved by many of the legal tech providers, as has been reported in the tech media.

Andreessen Horowitz, in a post on X, highlighted Eve’s design as a comprehensive AI assistant beyong just another law tech tool and something that went beyond providing single-use or isolated features. This has enabled Eve to integrate seamlessly into firm workflows, using generative AI to optimize case evaluations, evidence gathering, and even predictive analytics for settlement outcomes

As Bloomberg noted, this funding round for Eve reflects investor bets on AI transforming underserved legal niches, playing a key role in the work done by plaintiff lawyers in the new AI legaltech age.

Legal AI financing hasn’t died with the hype cycle either as recentnews has shown. Recent weeks has seen Brazil’s Enter raised a $35m Series A co-led by Founders Fund and Sequoia. Different market, same playbook: automate drudgework, scale outcomes. Wall Street Journal

Incumbents like Thomson Reuters and fast-growing case-management players such as Filevine are plowing cash into AI. Translation: buyers will demand proof of value, not vibes.

The questions smart firms should ask before they sign

1. Discovery and privilege controls are important. Ask key questions like who touches your data, how long is it retained, and can models memorize your work product. There should include clear retention policies, segregated training, and audit logs.
2. System fit. Integrations with your case management and document systems matter most, so ensure that system fit is working.

This isn’t “AI will replace lawyers.” It’s “AI will replace your margin if the other side ships faster.” Eve’s raise says the capital markets think plaintiffs’ firms are ready to professionalize throughput.