a16z announced investment in AI-driven legal services platform Eve.
Eve completed a Series A financing led by a16z, and its AI legal assistant platform saw an 800% rise in customers, adding 80 law firm customers within 8 months. The platform can increase the lawyers' case handling capacity by 3-4 times, and is expected to significantly improve the efficiency of handling approximately 66 million plaintiff litigation cases in the United States each year. Using Eve can shorten the evidence disclosure response time from 20 hours to 30 minutes.
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