Overview

Everlaw provides advanced ediscovery software designed for law firms, corporations, and government agencies. Ediscovery involves the process of locating and securing electronic data to be used as evidence in legal cases. Everlaw's platform simplifies this process, allowing legal teams to focus on their core tasks. It operates on a cloud-native technology model, enabling users to quickly find relevant information while discarding unnecessary data. The software incorporates analytics and machine learning tools to deliver fast insights from complex data sets, making it user-friendly for legal professionals of all tech levels. In addition to ediscovery, Everlaw offers tools for deposition and trial preparation, as well as solutions for responding to cyber breaches and other legal challenges. This comprehensive approach enhances the efficiency and productivity of legal teams. Everlaw generates revenue by selling its software and services to a diverse range of clients.

Simplify's Take

What believers are saying

• Everlaw's GenAI-powered features reduce discovery time and costs significantly.
• Partnership with BDO USA enhances global litigation support services.
• Ranked #1 in customer satisfaction in ediscovery by legal teams.

What critics are saying

• Generative AI features may face legal and ethical challenges if not properly managed.
• Global expansion exposes Everlaw to diverse regulatory compliance challenges.
• Increased competition from partnerships like BDO USA may pressure service delivery.

What makes Everlaw unique

• Everlaw offers a cloud-native platform for efficient ediscovery and litigation support.
• The platform integrates advanced AI and machine learning for rapid data analysis.
• Everlaw provides comprehensive tools for deposition, trial preparation, and cyber breach response.

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Funding

Total Funding

$298.6M

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