Eve, an AI assistant for plaintiff-side lawyers, is the latest in a new wave of startups raising money after gaining a foothold at law firms. In a new deal, the company raised $103 million at a $1 billion valuation, including the new investment, it said.
Spark Capital led the new investment, with participation from Andreessen Horowitz, Lightspeed Venture Partners and Menlo Ventures.
Artificial intelligence tools are reshaping the legal field — making it more efficient to comb through reams of documents and allowing some firms to take on more cases. Founder and Chief Executive Officer Jay Madheswaran, who was previously a Lightspeed ...
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