Overview

Everlaw offers ediscovery software that helps law firms, corporations, and government agencies locate and secure electronic data for legal cases. The cloud-native platform uses analytics and machine learning to quickly find relevant information, making it user-friendly for legal professionals. In addition to ediscovery, Everlaw provides tools for deposition and trial preparation, enhancing the efficiency of legal teams. The company generates revenue by selling its software and services to a diverse range of clients.

Simplify's Take

What believers are saying

• Partnership with BDO USA enhances global e-discovery and litigation support opportunities.
• Ranked #1 in customer satisfaction, Everlaw has strong market position and customer loyalty.
• GenAI-powered Everlaw Assistant improves discovery process, reducing litigation costs significantly.

What critics are saying

• AI adoption in legal sector may increase competition from new entrants.
• Expansion of Everlaw for Good may strain resources, affecting service to paying clients.
• Reliance on cloud solutions exposes Everlaw to potential service disruptions.

What makes Everlaw unique

• Everlaw integrates AI to enhance litigation efficiency with GenAI-powered document summaries.
• The Everlaw for Good Program offers free software access to non-profits and pro bono practices.
• Everlaw's Legal Holds feature automates employee tracking and centralizes discovery processes.

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Funding

Total Funding

$290.5M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:

Andreessen Horowitz

Notable Investors:

Andreessen Horowitz

$202,000,000

Series D

Nov 2021

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.

Series D Funding Comparison

Above Average

Industry standards

Ind Avg. $77M

$49M

$50M

$70M

$80M

$100M

$202M

View all funding stages