Everlaw Raises $202 Million at $2 Billion Valuation for Legal Tech Industry

Everlaw is a platform aimed to help law firms, businesses, government agencies to find any information related to a specific lawsuit while the litigation process is in progress. The information is searched in digital documents, databases, audio files, social media, etc.

The funding round Series D was led by TPG Growth. Along with them, such investors as CapitalG, H.I.G. Growth Partners, Menlo Ventures, Andreessen Horowitz, and K9 Ventures also took part. The new round raises the company’s value up to $2 billion.

Everlaw, headquartered in Oakland, was founded by AJ Shankar in 2010. Everlaw gives its customers the possibility to upload files locally or from the cloud. With the help of filters from a centralized interface, the review of the information becomes easier, also it is ordered in a timeline. Machine-learning tools can detect and translate text in more than 100 languages, as well as transcribe audio and video files. “Legal professionals need tools that can keep up with the pace of change without sacrificing security.”, says AJ Shankar.

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