Ambrogi writes at LawSites
E-discovery company Everlaw today became one of the few legal technology companies to join the elite ranks of unicorn status — companies valued at over $1 billion — with the announcement of a $202 million Series D funding at a valuation of over $2 billion.
The news follows a year in which the company experienced 80% year-over-year growth. The company says that total cases on its platform have more than doubled since its $62 million Series C round in March 2020, and that its platform is now used by 91 of the Am Law 200 and the attorneys general of all 50 U.S. states.
This was also a year in which Everlaw launched several new products, including Everlaw Legal Holds and Storybuilder by Everlaw (which the company demonstrated for my How It Works video series). Earlier this year, it became one of the first e-discovery platforms to achieve FedRAMP moderate certification.
