Andreessen Horowitz (a16z) profiled Eve, a startup that sells AI software to US plaintiff law firms, in a newsletter published on LinkedIn on November 4, 2026, under a headline citing $164 million in funding. That figure is cumulative, and the newsletter does not announce a new round. a16z led Eve’s Series A and took part in its Series B.

Eve’s co-founders are Jay Madheswaran, its chief executive; Matt Noe, its chief product officer; and David Zeng. Fortune reported in October that the company is based in San Mateo, California. a16z says the team of 275 has offices in San Francisco and the Bay Area, and Fortune also reported 275 employees, up nearly 40% since June.

Funding

  • Seed: $14 million in 2023, according to SiliconANGLE.
  • Series A: $47 million in January 2025, led by a16z with Lightspeed Venture Partners and Menlo Ventures, bringing total funding to $61 million, SiliconANGLE reported.
  • Series B: $103 million, announced on September 30, 2025, led by Spark Capital with a16z, Lightspeed and Menlo, at a valuation of more than $1 billion, LawSites reported.

The three rounds add up to $164 million. Eve’s careers page also cites more than $164 million invested.

Reported usage

  • Cases: Madheswaran wrote on October 28 that Eve has been used on 350,000 cases, up roughly 75% since June. He wrote that 50,000 of those have been resolved, producing more than $3.5 billion in settlements and verdicts.
  • Revenue: Madheswaran wrote that revenue has grown 6x in the last twelve months. Neither he nor a16z gave a dollar figure.
  • Documents: a16z says Eve processes 12.5 million documents a month.
  • Firms: Madheswaran wrote that around 1,700 of the 29,000 or so contingency-based plaintiff firms in the country use Eve, and a16z gives the same figures. Fortune reported on October 28 that cases on the platform passed 350,000 across nearly 2,000 plaintiff firms at the end of September. Earlier counts were more than 450 in September 2025 (LawSites), more than 1,000 in April 2026 (Eve) and more than 1,400 in June 2026 (an Eve release).
  • Recoveries: LawSites reported in September 2025 that firms using the platform had collectively recovered over $3.5 billion, the same amount now given for the 50,000 resolved cases. The sources do not explain how the two figures relate.

Product and customer claims

a16z says plaintiff lawyers generally cover a case’s costs upfront and are paid only if they recover money for the client, which limits how many cases a firm can take. It says Eve handles work such as medical record review, drafting key documents and opening insurance claims. The newsletter makes these claims about customers, without naming the firms or cases:

  • Users say this casework falls from days to under an hour.
  • Some firms have doubled their capacity or grown their caseloads 2.5x with the same teams.
  • One firm went from about 100 clients per attorney to 500.
  • In one case, Eve flagged a missed brain injury and the case’s value rose from $40,000 to $240,000.

Fortune names EvenUp and Supio as other companies targeting plaintiff-side practices, and describes Harvey, valued above $15 billion, as focused on large law firms and corporate in-house counsel. Lens has also reported on Legora’s $550 million Series E.

Open roles

The a16z newsletter lists six roles. Eve’s job board showed 21 open roles on November 4, 2026.

  • Platform Engineering Leader: up to $400,000 plus equity; San Francisco or San Mateo.
  • Product Engineer: up to $350,000 plus equity; San Francisco or San Mateo, hybrid.
  • Machine Learning Engineer: up to $350,000 plus equity; San Francisco or San Mateo.
  • Vice President of Sales, Large Accounts: no pay figure given; remote, US.
  • Solutions Architect, AI Intake: up to $180,000 plus equity; San Francisco or San Mateo, and also remote in the US on Eve’s job board.
  • Enterprise Customer Success Manager: up to $190,000 in on-target earnings plus equity; remote, US.

Sources and notes

Sources: Andreessen Horowitz, “With $164M in funding, Eve is building AI so more people can get a great lawyer,” November 4, 2026; Jay Madheswaran, “350,000 Cases on Eve: Everyone Deserves a Great Lawyer,” Eve, October 28, 2026; Fortune, Morgan Chittum, October 28, 2026; LawSites, Bob Ambrogi, September 30, 2025; SiliconANGLE, January 16, 2025; Eve, “Eve Surpasses 1,000 Plaintiff Law Firm Customers,” April 2026; Business Wire, June 2026; Eve’s careers page and job board. Notes: Eve’s usage, revenue and recovery figures come from the company, from a16z, which is an Eve investor, or from press reports that do not name a separate source. Lens found no independent audit of them. The a16z newsletter states that a16z has not independently verified third-party information it contains. The sources do not explain the difference between around 1,700 firms and nearly 2,000 firms. Lens did not listen to the a16z Podcast episode or watch the video clips in the newsletter. The more than 1,400 firms figure was read from a search result for the Business Wire release, which Lens could not open. The $14 million seed figure comes from SiliconANGLE’s link to its own 2023 article, which Lens did not read. The $164 million sum and the chart are by Lens; the chart draws Fortune’s figure at 1,950 because the article gives no exact number. Thumbnail photo: “Clinch County Courthouse, courtroom bench, Homerville, GA, US” by Jud McCranie via Wikimedia Commons, licensed under CC BY-SA 4.0; cropped. Illustrative photo; it does not show the events or firms described.

Image: Chart by Lens from the sources listed. Thumbnail photo by Jud McCranie via Wikimedia Commons (CC BY-SA 4.0).