Eve
Legal AI platform automating workflows for plaintiffs' law firms
Website: https://www.eve.legal
Cover Block
| Name | Eve |
| Tagline | Legal AI platform automating workflows for plaintiffs' law firms |
| Headquarters | San Francisco, United States |
| Founded | 2023 |
| Stage | Series B |
| Business Model | SaaS |
| Industry | Legaltech |
| Technology | AI / Machine Learning |
| Geography | North America |
| Growth Profile | Venture Scale |
| Founding Team | Jay Madheswaran, David Zeng, Matt Noe [Lightspeed Venture Partners, September 2025] |
| Funding Label | $100M+ (total disclosed ~$164M) |
Links
- Website: https://www.eve.legal
- LinkedIn: https://www.linkedin.com/company/eve-legal
Executive Summary
Eve is a legal AI platform that has secured a $1 billion valuation by automating core workflows for plaintiffs' law firms [Reuters, September 2025]. Founded in 2023, the company has scaled to serve over 450 law firm customers [Reuters, September 2025]. The product suite includes tools for generating medical chronologies and managing discovery [eve.legal, September 2025].
The founding team is led by CEO Jay Madheswaran, whose background includes over 15 years in AI and machine learning at companies like Facebook and Rubrik, followed by a stint as an early-stage enterprise AI investor at Lightspeed Venture Partners [Unite.AI, 2026]. Co-founders David Zeng and Matt Noe, a former founding engineer and product lead at Rubrik, round out the group [Lightspeed Venture Partners, September 2025].
Eve's business model is SaaS, with $164 million raised across three rounds, culminating in a $103 million Series B led by Spark Capital in September 2025 [Lightspeed Venture Partners, September 2025].
Data Accuracy: GREEN -- Core claims are confirmed by multiple independent sources including Reuters, Lightspeed Venture Partners, and company materials.
Taxonomy Snapshot
| Axis | Classification |
|---|---|
| Stage | Series B |
| Business Model | SaaS |
| Industry / Vertical | Legaltech |
| Technology Type | AI / Machine Learning |
| Geography | North America |
| Growth Profile | Venture Scale |
| Funding | $100M+ (total disclosed ~$164,000,000) |
How the Company Got Here
Eve emerged in late 2023 as a San Francisco-based legal AI startup targeting plaintiffs' law firms. The company was founded by Jay Madheswaran, David Zeng, and Matt Noe [Lightspeed Venture Partners, September 2025].
Eve launched publicly in October 2023 with a $14 million seed round led by Lightspeed Venture Partners [Reuters, October 2023]. This was followed by a $47 million Series A, also led by Lightspeed [Lightspeed Venture Partners, September 2025]. The company's $103 million Series B round in September 2025, led by Spark Capital, propelled its valuation to over $1 billion [Reuters, September 2025]. Total disclosed funding stands at approximately $164 million.
By the time of its Series B announcement, Eve reported serving over 450 law firm customers [Reuters, September 2025]. A subsequent claim in March 2026 stated its tools are used by more than 800 plaintiff firms, including the Mike Morse Law Firm and James Scott Farrin [Above the Law, March 2026].
Data Accuracy: GREEN -- Confirmed by Reuters, Lightspeed Venture Partners, and company website.
Product and Technology
Eve's platform automates case evaluation, legal document drafting, medical chronology compilation, and discovery management [eve.legal, September 2025]. The system is designed to augment attorney decision-making and administrative capacity [softwarefinder.com, 2026].
The broader legal tech software market was valued at approximately $23.5 billion in 2024 and is projected to grow at a compound annual rate of 8.5% through 2030 [Gartner, 2024].
| Metric | Value |
|---|---|
| Legal Tech Software Market (2024) | 23.5 $B |
| Projected CAGR (2024-2030) | 8.5 % |
Data Accuracy: YELLOW -- Market sizing is drawn from an analogous, broader category report.
Competitive Landscape
Eve operates in a specialized niche, selling AI workflow automation exclusively to plaintiff-side law firms.
| Company | Positioning | Stage / Funding | Notable Differentiator |
|---|---|---|---|
| Eve | AI platform automating case intake to litigation for plaintiffs' firms. | Series B; $164M total disclosed. | Exclusive focus on plaintiff-side workflow automation. |
| EvenUp | AI-powered demand letter and case valuation for personal injury law. | Series B; $65.5M total raised. | Specializes in demand letter generation and settlement analytics. |
| Supio | AI legal research and document analysis platform. | Seed; $5.3M raised. | Broad legal research capabilities. |
Opportunity
Eve’s opportunity is to become the default operating system for plaintiffs' litigation. The company has secured over 450 law firm customers in under three years [Reuters, September 2025]. The $1 billion valuation signals a belief that Eve can move beyond point solutions to become the central hub for case intake, evaluation, document production, and discovery [Reuters, September 2025].
Data Accuracy: GREEN -- Growth scenarios are extrapolations based on confirmed product features and market dynamics; customer count and valuation are confirmed by multiple independent sources.
Sources
- [Reuters, September 2025] Legal AI startup Eve for plaintiffs' lawyers hits $1 billion valuation with new funding | https://www.reuters.com/legal/legalindustry/legal-ai-startup-eve-plaintiffs-lawyers-hits-1-billion-valuation-with-new-2025-09-30/
- [Lightspeed Venture Partners, September 2025] Eve’s Series B: Another Milestone as Eve Rapidly Transforms Legal Firms with AI | https://lsvp.com/stories/eves-series-b-another-milestone-as-eve-rapidly-transforms-legal-firms-with-ai/
- [eve.legal, September 2025] About Eve | Legal AI Company for Plaintiff Law Firms | https://www.eve.legal/company
- [Reuters, October 2023] Another legal AI startup, Eve, launches with funding from Menlo, Lightspeed | https://www.reuters.com/legal/transactional/another-legal-ai-startup-eve-launches-with-funding-menlo-lightspeed-2023-10-25/
- [Above the Law, March 2026] Eve's tools used by 800+ plaintiff firms | https://abovethelaw.com/2026/03/eve-ai-plaintiff-firms/
- [softwarefinder.com, 2026] Eve Legal: Reviews, Pricing & Free Demo | https://softwarefinder.com/legal/eve-legal
- [Unite.AI, 2026] Jay Madheswaran, Founder & CEO of Eve - Interview Series | https://www.unite.ai/jay-madheswaran-ceo-of-eve-interview-series/
- [Gartner, 2024] Legal Tech Software Market Sizing Report | https://www.gartner.com/en/documents/legal-tech-market-forecast-2024
- [Crunchbase] EvenUp Company Profile | https://www.crunchbase.com/organization/evenup
- [Crunchbase] Supio Company Profile | https://www.crunchbase.com/organization/supio
Articles about Eve
- Eve's $103 Million Series B Puts AI on the Plaintiff Lawyer's Desk — The legaltech startup, now valued at $1 billion, automates case evaluation and discovery for 450 law firms.