Meet the legal AI startup helping David take on Goliath

Eve is building legal software for a very specific corner of the market: small plaintiff-side firms that take on bigger companies on behalf of regular people. The San Mateo startup says those firms have long been squeezed by limited budgets, contingency fees, and a workload that grows every time a new case lands on the desk.

Co-founder and CEO Jay Madheswaran thinks that imbalance is exactly why the company exists. Corporate law firms have been able to buy software and bill by the hour. Plaintiff firms usually can’t do either in the same way, which means every case has to make economic sense before they even take it on. Eve is trying to widen that math.

The company’s answer is an end-to-end AI platform, not a narrow tool for just one step in the process. The pitch is simple: save lawyers time across the full case lifecycle so a small team can handle more work without hiring at the same pace. Madheswaran put it in the language startups love: “We’re finally giving David a slingshot.”

The traction is real. Cases managed on Eve’s platform have risen roughly 75% since June, reaching more than 350,000 across nearly 2,000 plaintiff law firms by the end of September. More than 50,000 of those cases have closed, with more than $3.5 billion in settlements and judgments attached to them. Revenue has grown sixfold year over year.

Investors are buying the story too. Eve raised a $103 million Series B in 2025 at a valuation above $1 billion, with Spark Capital leading and Andreessen Horowitz, Lightspeed Venture Partners, and Menlo Ventures participating. The company now has 275 employees, up nearly 40% since June, and plans to double its Bay Area headcount by spring 2026. It sits in a crowded field, but its niche is clear: not Big Law, not corporate in-house teams, just the firms that live or die on whether David gets a better slingshot.