EvolutionIQ

About

EvolutionIQ is an AI startup that offers claims guidance solutions for insurance companies and carriers.

New York,New York,United States
51 - 100
http://www.evolutioniq.com

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $21M
Industries: Artificial Intelligence,Commercial Insurance,Fraud Detection,Insurance,Risk Management
Founded date: Jan 1, 2019
Number Of Employee: 51 - 100
Operating Status: Active
Legal Name: Deepfraud Technologies Inc.

EvolutionIQ is an artificial intelligence transformation for insurance carriers. AI Guidance for Disability and General Liability Carriers. Build a better insurance company with EvolutionIQ's claim guidance platform. Dramatically reduce reserves, losses, lower expenses and higher customer satisfaction, and are proven at Tier 1 carriers across Group Benefits & P&C.

Founded by AI engineers from Google and Bloomberg.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$25.98M

EvolutionIQ has raised a total of $25.98M in funding over 2 rounds. Their latest funding was raised on Apr 12, 2022 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Apr 12, 2022	Series A	$21M	10	Brewer Lane Ventures	—	Detail
Apr 28, 2020	Series Unknown	$1.88M	—	—	—	Detail
Apr 16, 2020	Funding Round	$1K	—	—	—	Detail
Jul 1, 2019	Seed	$3.10M	4	First Round Capital	—	Detail

Investors

Number of Lead Investors

Number of Investors

2

11

EvolutionIQ is funded by 11 investors. Brewer Lane Ventures and Altai Ventures are the most recent investors.

Investor Name	Lead Investor	Funding Round
Brewer Lane Ventures	Yes	Series A
Altai Ventures	—	Series A
Asymmetric Capital Partners	—	Series A
First Round Capital	—	Series A
FirstMark	—	Series A
Foundation Capital	—	Series A
Guardian Life	—	Series A
New York Life Ventures	—	Series A
Reliance Life Insurance	—	Series A
Sedgwick Claims Management Services	—	Series A