Eve Raises $14 Million in Funding

by Kay Aloha Villamor in October 26th, 2023

Eve, a San Francisco, CA-based AI-powered platform designed to automate legal tasks like document review, case analysis, client intake, and research, has emerged from stealth with $14 million in funding.

SaaS Investors

The investment was from Lightspeed Ventures and Menlo Ventures.

Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Lightspeed and its global team currently manage $18B across the Lightspeed platform, with investment professionals and advisors in the U.S., China, Europe, India, Israel, and Southeast Asia.

Menlo Ventures is a venture capital firm based in Menlo Park, California with an additional office in San Francisco, California. The firm provides capital for consumer, enterprise, and life science technologies from seed to growth stages. Over 46 years, They grew a portfolio that includes more than 80 public companies, over 165 mergers and acquisitions, and $5.5 billion under management.

Eve Use of Funds

The funding will support Eve's further development and expansion into the legal market.

About Eve

Founded in 2020 by Jay Madheswaran, Matt Noe, and David Zeng, Eve is an AI-powered platform designed to streamline legal tasks and improve productivity for legal professionals by automating processes related to legal discovery and research. The platform comes with pre-trained skills and knowledge specific to the legal profession and offers customizable apps to automate tasks in litigation, transactional law, and other practice areas. It currently has over a dozen law firm customers with hundreds of lawyers using the platform. Eve’s mission is to empower legal professionals to harness the power of this new technology and augment their own abilities to achieve unprecedented levels of productivity.

Funding Details

Company: Butler Labs, Inc. 

Raised: $14.0M

Round: Unknown

Funding Month: October 2023

Lead Investor: Lightspeed Ventures and Menlo Ventures

Additional Investors:

Company Website: https://www.eve.legal/

Software Category: Legal AI Platform

Source: https://techcrunch.com/2023/10/25/eve-launches-to-bring-llms-to-the-legal-profession/

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