Exclusively: EWENUP collects $ 150 million in the E series with a rating of $ 2 billion, as AI restores the personal injury law

“What are you doing? Absorb legal technology, absorb artificial intelligence, a personality injury absorbed. These are three negatives.”

“Some investors said:” your founding team is great, but this is the most mysterious idea, “Mieszaniec adds.

Karabar, Meszanik, and I speak after five years – and the conversation changed radically. Legal artificial intelligence companies are some of the most companies in the market, and they focus even on a personal injury area of ​​$ 61 billion, from chasing to chase: The company has now obtained the fourth financing round in two years. Ewenup has raised E -150 million dollar chain, led by Besamer Venture Partners, luck He learned. This brings the company’s evaluation to the north at $ 2 billion. B Capital, Signalfire, Lightspeed, Harbourvest, Adams Street and BroadLight Capital, all of them invested in the tour, as did the Lexis nexis arm. The total capital raised in EWNUP is now $ 385 million, and the company solves the problem of uncomfortable papers in personal injury.

“The average issue takes about two years,” said Karabar. “We see cases that are dragged much longer than they need, and they settled too much. Lawyers are grinding, and they are doing about 100 cases per year. Therefore, it is difficult for them to stay at the head of everything.”

Tension increases in a moment when the economies of emerging companies from artificial intelligence are in a state of flow – you must sort the account costs with customer pricing. It is a sensitive dance: if the customer loves the product, they will use it a lot, and it was better to have an account to support that (and pricing accordingly so as not to sink). They say success depends on providing quantitative measuring value; Otherwise, the law firm customer is only drawn. (One example: Karabibar and MISZANIEC say that the largest agent of Ewenup pays more than $ 4 million annually, and he records about $ 40,000 per employee.)

Currently, Mieszaniec says, as in legal practice as with personal injury, there are still cases that are left on the table. The idea: that artificial intelligence will help create enough efficiency that it changes what is possible in terms of cases, and for victims of personal injuries.

“Lawyers may reject a case or two cases,” said Meszanik. luck. “These half of these cases may be already represented by a lawyer. For the other half in which the support is not, these cases are stabilized a lot.”

I think industries are often forged in the form of their customers. This will remain true at the intersection of the Personal Antitality Law (which suffers from its LAVA economics) and AI. Personal infection is competitive and popular, the most famous for foreigners such as “law firms with advertising panels and commercial ads.” Ewesup, so far, has helped solve more than 200,000 personal injuries and more than 2000 American companies using the platform. However, they have persons who focus on injuries, from Eve A16z supported to SuPIO. Companies like Harvey, worth $ 5 billion, waved on the horizon.

“I don’t think there will be 100 players in this field,” said Karabar. “I think it will be a more winning dynamic, and ultimately is our game.”

Mieszaniec is more directly: “He is not the winner of the winner. He is the last man to stand. I don’t care. We are ready to stand here as long as we have to do so.”

We see you tomorrow

Allie Garfinkle
x: Agarfinks
Email: [email protected]
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Adventure deals

– ForceeraiSan Francisco -based AI’s work space, Insurance, collected $ 25 million in funding from the A. Andrink Horwitz He led the tour.

– ConcntricThe platform for the passing of Amnesty International, based in San Francisco, raised $ 10 million of funding from the series A. 53 Stations Lead Argonautic Projects And others.

– Tycho.aiCambridge developer, Mass. Saviation and AI for unmanned cars, raising $ 10 million of financing from the A. Firstmark Lead VC column.

– Flame healthA clinical platform based in San Francisco behavioral health, $ 6.2 million of seed financing. RTP worldwide Lead fast Projectsand shelf Venture capitalAnd difference Partners.

– It is easy AssessmentsThe UK -based Digital Risk Platform in London has raised $ 6 million of financing. Albionvc Lead Portage projects and MS & AD.

Private property rights

– Consortium investors led by appearance international and Corvix private justice He agreed to take Heidrick & Strggles InternationalChicago leadership, arrival, for about $ 1.3 billion.

– eqt growth It invested 50 million euros ($ 58.6 million) in HarveyAnd he is developed in San Francisco for artificial intelligence technology for legal and professional services.

– Davis StandardWith the support of who series capital administrationAgree to get FB BalziliThe manufacturer of the state of Milan, based in Italy for automatic and semi -automatic weapons. The financial conditions have not been revealed.

– Infinity engineering productsA portfolio company TurnsPire capital PartnersAcquired Michels CarsPorsa, the air manufacturer in Türkiye. The financial conditions have not been revealed.

– Libers AlloysA portfolio company AstorAcquired Skind manufactureThe financial conditions have not been revealed.

– Thetford CompanyWith the support of who Monomawi capital PartnersAcquired Dave Carter and partnersIt is a resource for spare parts and services based in Ocala, based in Florida and manufactured housing industries. The financial conditions have not been revealed.

Money + funds of money

– The capital PayneMassachusetts -based shares, based in Massachusetts, raised $ 14 billion for its fourteenth fund, which focused on companies in consumer, health, industrial, services, and technology sectors.

Lessons from Fortune AIQ 50

Opening Fortune AIQ 50 Lists The best companies have identified a wide range of industries that have made great progress in integrating artificial intelligence technology into their operations, leading to a real impact. The visions and experiences of these companies provide valuable lessons for all companies. Explore the Fortune AIQAnd read the latest playing book below:

–How Coca-Cola developed a taste for Amnesty International This helped distribute technology via the beverage empire.

–Amnesty International came from technologyBut the most advanced artificial intelligence work in every industry.

–“Our chapters will work on any institution:”: Amnesty International heads in Haniole shares the strategies that helped the company mature its efforts from artificial intelligence.

–How to woven artificial intelligence visa in every side of the company By approaching it as science and art.

–Women’s executives are a common topic In some companies that see the most successful with artificial intelligence.