EvolutionIQ

company

Summary
Funding Rounds
Investors
Employees

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

$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

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