Top Venture Capital Firm Invests in Everlaw
Everlaw has just closed a funding round, led by premier venture capital firm Andreessen Horowitz! Read on for details.
Modern litigation needs technology — and not just good technology, but great technology. Millions of documents; the needle-in-the-haystack objective; the subtlety of understanding evidence in context; the high monetary stakes; and the deeply collaborative nature of law all demand cutting-edge computer science. Litigators need tools that effectively deal with search, data visualization, human-computer interaction, distributed systems, databases, storage, artificial intelligence and machine learning, and more. The complexity of the problem also demands the very best in modern design and user experience.
Solving challenges in the legal field is what gets us going every day.
Everlaw is a technology company that focuses on law: everything from my doctoral research in computer science to how the company is structured helps us build the absolute best solutions for litigation with the absolute best that computer science has to offer.
We approach every problem from a deeply technical perspective so that our users — the lawyers and administrators who actually win the cases — can focus on the law. As we have better addressed the challenges and historical inefficiencies our users face every day, our vision of what Everlaw can build to reinvent the process has increased commensurately.
Today, I’m thrilled to announce news that will help accelerate that vision: Everlaw has closed an $8.1M Series A investment round, led by top venture capital firm Andreessen Horowitz and with participation from existing investor K9 Ventures.
This investment fuels our vision of a unified litigation platform with advanced artificial intelligence and data visualization, a beautiful user experience, and rich collaboration from discovery to the courtroom. In other words, it will support our mission to solve some of the most difficult, important problems in the legal industry.
Andreessen Horowitz believes in the power of technology to transform entire industries; it has invested in companies like Airbnb, Box, Slack, Optimizely, Zenefits, PagerDuty, Domo, Skype, and Twitter. Steven Sinofsky, a Partner at Andreessen with remarkable experience in developing cutting-edge software, will be joining our board; here are his thoughts on the news.
2015 was a great year for Everlaw: we were named a “Vendor to Watch” in ediscovery by Gartner, we released 24 new features and feature improvements, and we were recognized as a “Best Company to Work For” in the San Francisco Bay Area.
This next year promises to be even more exciting, as we use this investment to improve the tools available to litigators. For our existing users, look forward to more new features, more elegant design, and more great service.
For everyone else — we’ll see you soon.