Bain Capital Ventures Archives - Chgogs News https://chgogs.org/tag/bain-capital-ventures/ Trending News Updates Sat, 12 Oct 2024 09:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Amazon’s AI for delivery, Microsoft’s healthcare agents, and Writer’s model: This week in new AI launches https://chgogs.org/amazons-ai-for-delivery-microsofts-healthcare-agents-and-writers-model-this-week-in-new-ai-launches/ https://chgogs.org/amazons-ai-for-delivery-microsofts-healthcare-agents-and-writers-model-this-week-in-new-ai-launches/#respond Sat, 12 Oct 2024 09:00:00 +0000 https://chgogs.org/amazons-ai-for-delivery-microsofts-healthcare-agents-and-writers-model-this-week-in-new-ai-launches/ EvenUp co-founders (L-R) Raymond Mieszaniec, Rami Karabibar, and Saam MashhadPhoto: EvenUp EvenUp, an AI startup...

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three men stand together in front of a brick wall all wearing black t-shirts that say EvenUp

EvenUp co-founders (L-R) Raymond Mieszaniec, Rami Karabibar, and Saam Mashhad
Photo: EvenUp

EvenUp, an AI startup focused on personal injury AI and document generation, announced this week that it raised a $135 million Series D funding round, leading to a valuation over $1 billion, per a press release. The round was led by Bain Capital Ventures, and brings EvenUp’s total funding to $235 million.

The startup’s Claims Intelligence Platform is powered by its AI model called Piai. The model was “trained on hundreds of thousands of injury cases, millions of medical records and visits, and internal legal expertise,” according to the startup.

“At EvenUp, we’re committed to revolutionizing the personal injury sector in the U.S,” Rami Karabibar, EvenUp co-founder and chief executive, told Quartz. “With our Series D, we’re dedicated to driving further innovation by bringing new products and features to market to strengthen our leadership position in legal-focused generative AI.”

EvenUp is “fully dedicated to supporting our customers by freeing up their time in routine tasks, allowing them to focus more on what truly matters—their clients,” Karabibar said.

The company says over 1,000 law firms have used its platform to claim over $1.5 billion in damages.



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