Everlaw will enable the DOJ to securely implement the platform of collaboration, ediscovery, and document review for investigation, productions, and litigation.
Fremont, CA: Everlaw, a cloud-based integrated platform that addresses ediscovery needs, has closed a $62 million in Series C round of financing. A new investor for the company, Capital G, led the funding round with participation from existing investors K9 Ventures and Andreessen Horowitz. As part of the deal, Jesse Wedler, a partner at CapitalG, will join Everlaw's board of directors soon. Everlaw's total funds reached $96 million with this round of financing.
With support from the U.S. Department of Justice (DOJ), Everlaw has achieved a FedRAMP Authority to operate at a moderate impact level. It will enable the DOJ to securely implement the platform of collaboration, ediscovery, and document review for investigation, productions, and litigation.
"The stakes for uncovering the truth and upholding justice have never been higher. Yet the process to find this information is incredibly challenging, and we want to give teams the tools they need to find the needles in the haystack - those critical pieces of evidence that change the trajectory of their cases," said AJ Shankar, founder, and CEO of Everlaw. "This investment will help us further scale growth, from recruiting efforts to continued international expansion and investing in new features so organizations around the globe can use our truth-finding machine to advance justice and the rule of law."
The digital universe is expected to reach 44 trillion gigabytes this year. The massive increase in the volume of data and ediscovery workloads have left the litigators and investigators struggling with the cost and complexity of mining through immense troves of documents. Though law needs evidence for imparting justice, only a small fraction of documents are relevant in any given case. This is the reason why modern ediscovery is essential for quickly finding out the truth to advance justice as fast as possible. The cloud-based ediscovery solution of Everlaw enables the legal teams to find relevant information without any difficulty. The information is essential for internal investigations and litigations, and to collaborate on research, narrative building, analysis, and courtroom-ready presentation of the material.
"Everlaw is modernizing the way litigators and investigators bring evidence to light," said Jesse Wedler, partner at CapitalG. "Technology is well-suited to address today's data overload problem, and with their world-class engineering team and cloud-native product, Everlaw is enabling litigation teams to focus on truth discovery and leave the manual work to the machines."
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