Legal AI company EvenUp valued at over $1 billion in latest funding round

:Legal AI company EvenUp said on Tuesday it raised $135 million in a funding round that valued it at over $1 billion.

Bain Capital Ventures led the funding round, while other investors including Premji Invest, Lightspeed Venture Partners, Bessemer Venture Partners, SignalFire and B Capital Group also participated.

The company’s total funding came up to $235 million and underscores the resilience of the AI space, despite subdued activity elsewhere in the venture capital industry.