Legal AI startup EvenUp raises $550M at $15.5B valuation with $400M ARR
nathanbenaich · x · 2026-09-09
Legal AI company EvenUp raised $550M at a $15.5B valuation led by Diffusion Capital and Lightspeed, after crossing $400M ARR with 3,000 customers including 80% of the top 100 law firms, 20% of the Fortune 500, and half of the Fortune 10. Funds go to people and compute as the product expands into contracting, litigation, deals, and compliance, building on Tenet, its model post-trained on open-weight models. Nathan Benaich echoed Gabe Pereyra's thesis that winning application-layer companies become full-stack AI companies.
More from Venture
- Anthropic to list on Nasdaq as ANT, with founders holding 50.1% super-voting control — Kr00ney · 2026-10-27
- Anthropic S-1 reveals Dario can handpick a board majority forever via founder control — cocktailpeanut · 2026-10-27
- Anthropic files S-1 with SEC, kicking off its long-awaited IPO as a public benefit corporation — matt_slotnick · 2026-10-27
- Unitard Index tracks 440 fallen unicorns with over $1.4 trillion in lost valuation — AccBalanced · 2026-10-27
- a16z's Martin Casado: Anthropic S-1 shows we're at 'peak schadenfreude' — ignore the FUD — AccBalanced · 2026-10-27
- Anthropic S-1: CSP marketplace revenue jumped from 11% to 48% in three years — AccBalanced · 2026-10-27