A New York company built an AI to value accident claims and haggle with insurance companies - and it is aimed squarely at the personal injury industry that built it.
The Story
Joshua Schwadron is a personal injury attorney. He is also the founder of a company whose entire premise is that, most of the time, you should not have to hire one. That tension is the whole point of Mighty.
Schwadron started Mighty in 2015 with co-founder Dylan Beynon, initially to help plaintiffs and their lawyers track the tangle of liens that pile up against a personal injury recovery - medical bills, prior attorneys, funders. The theory was straightforward: give personal injury firms better software, they get more efficient, and the savings flow to accident victims. By his own account, the savings never made it that far. So he changed targets.
Over the following years Mighty raised money, built software for the litigation-finance industry, launched a $105 million fund, then went quiet. When it re-emerged from stealth in January 2026, it was a different animal: a free, direct-to-consumer platform where an AI agent gathers your accident records, estimates what your claim is worth, and negotiates a settlement with the insurance company on your behalf.
Every legal technology company building for personal injury law firms simply is just making law firms richer. — Joshua Schwadron, Founder & CEO, Mighty
What Mighty Does
Mighty is a technology platform, not a law firm. It focuses on the roughly nine-in-ten personal injury cases - mostly motor-vehicle accidents - that settle before anyone files a lawsuit. The AI works in stages.
Users describe the accident; the platform obtains or receives police reports and medical records, then analyzes the documents with AI - assembling the paperwork a claim actually needs.
A continuously updated estimate of the claim's value, built from case-specific details, rules written by personal injury experts, and large language models - so a claimant knows the number before deciding anything.
With the user's permission, the AI submits a settlement package to the insurer and negotiates - trained, the company says, to recognize insurer tactics and counter lowball offers.
Cases the AI flags as too complex are referred to a vetted attorney network - the exception, not the default first move.
The Problem It Solves
For decades, an accident victim faced a binary choice. Mighty is trying to build something in between.
Sign a contingency agreement and surrender a third or more of any settlement on day one - regardless of how simple the case turns out to be.
Get a free valuation and let the AI negotiate. Keep more of a straightforward settlement, and only bring in a lawyer if the case genuinely calls for one.
Negotiate directly with the insurer with no idea what the claim is worth and no experience countering the tactics on the other side of the table.
Business Model
The consumer platform costs nothing. Mighty makes money through lead-generation fees when a claimant chooses to hire an attorney from its vetted network - typically on the complex cases the AI escalates.
The twist is in the incentives. According to reporting on the launch, Mighty structures its attorney partnerships so a referred lawyer has to secure a settlement materially higher than Mighty's own AI offer just to break even on a standard contingency fee - a design meant to guarantee the client added value, or free work.
Consumers can value their own claim and get a fair settlement offer from the insurance company before they ever need to decide whether to hire a lawyer. — Joshua Schwadron on Mighty's approach
The Money
Backed by IA Ventures and Tribeca Venture Partners, Mighty's headline 2018 raise combined a modest equity round with an outsized fund. Bars below are scaled to the fund.
Figures compiled from public reporting (TechCrunch, AlleyWatch, Vator, BuiltInNYC) and third-party databases; the $105M was a fund to finance legal and medical funders, not operating capital. Revenue is estimated at roughly $7.8M annually by third-party data providers - treat as approximate.
Where It Fits
A wave of legal-tech companies - names like Supio, EvenUp and Eve among them - build AI to make personal injury firms faster and more profitable. Mighty is deliberately on the other side of the table, selling to the injured person instead of the firm.
Its real competition is the traditional contingency-fee firm, direct insurer negotiation, and DIY claim tools. The differentiator is an end-to-end, free AI negotiator positioned as the consumer's first stop, not a back-office tool.
Mighty spent years building MightyOS for the litigation-finance industry and running a $105M fund. That accumulated knowledge of how PI claims, liens and funders actually work is what it now encodes into its consumer AI.
By targeting pre-suit settlements - the high-volume, lower-complexity majority of cases - Mighty is wagering that a large share of everyday claims never needed a courtroom, only a capable negotiator.
Timeline
Schwadron's earlier marketplace startup, Betterfly, is acquired by TakeLessons - later purchased by Microsoft.
Schwadron and Dylan Beynon launch Mighty to help plaintiffs and lawyers track liens against personal injury recoveries.
An early venture round led by IA Ventures and Tribeca Venture Partners.
Mighty raises $9M in equity and stands up a $105M fund to power legal and medical funders alongside its MightyOS software.
Mighty emerges from stealth with a free AI platform that values and negotiates accident claims - and says it has already settled cases entirely via AI.
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