About Evolution IQ
Evolution IQ is a company based in New York (United States) founded in 2019 was acquired by CCC in December 2024. Evolution IQ has raised $60.35 million across 5 funding rounds from investors including Sedgwick, Principal and CCC Intelligent Solutions. Evolution IQ offers products and services including Claims Guidance and Medhub. Evolution IQ operates in a competitive market with competitors including iPipeline, Bravura Solutions, FINEOS, Linedata and Atidot, among others.
- Headquarter New York, United States
- Stage Minicorn
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Financial Services
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Products & Services of Evolution IQ
Evolution IQ offers a comprehensive portfolio of products and services, including Claims Guidance and Medhub.
AI tool for optimizing insurance claims processes
Platform overview for medical claims support
People of Evolution IQ
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Funding Insights of Evolution IQ
Evolution IQ has successfully raised a total of $60.35M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $20.15 million completed in July 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Evolution IQ
Evolution IQ has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Sedgwick, Principal and CCC Intelligent Solutions.
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US focused seed and early-stage VC firm
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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Investor details for Evolution IQ
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Investments & Acquisitions by Evolution IQ
Investment portfolio details for Evolution IQ
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Financial Statements - Evolution IQ
Detailed financials for Evolution IQ
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Evolution Iq Comparisons
Peer comparison for Evolution IQ
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Competitors of Evolution IQ
Evolution IQ operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as iPipeline, Bravura Solutions, FINEOS, Linedata and Atidot, among others.
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Cloud-based software is offered for life insurance and financial services.
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Software solutions for wealth management and life insurance are provided.
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Insurance quoting and underwriting solutions for the life and health insurance industry
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Software, data, analytics, and services are provided to financial institutions.
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Machine learning analytics are delivered for insurance risk management.
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AI-based software suite for life insurance data management is offered.
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Detailed competitors of Evolution IQ
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Latest news on Evolution Iq
Complete news archive for Evolution IQ
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Frequently Asked Questions about Evolution IQ
Evolution IQ was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Evolution IQ is headquartered in New York, United States. It is registered at New York, New York, United States.
Tom Vykruta is the current CEO of Evolution IQ.
Evolution IQ is a funded company, having raised a total of $60.35M across 5 funding rounds to date.
Evolution IQ was founded in 2019 in New York, United States, as an AI-based platform focused on insurance claims data monitoring within the insurance sector. Operations involve automation of claim detection across portfolios through IQInvestigate, with referrals made to examiners or special investigation units for reviews. Claim severity and litigation risks are analyzed via IQPriority to support adjusters in processing and closing cases efficiently.
Evolution IQ's top competitors include iPipeline, FINEOS and Bravura Solutions.
Evolution IQ offers Claims Guidance and Medhub.
Evolution IQ has 11 investors. Key investors include Sedgwick, Principal, CCC Intelligent Solutions, FirstMark, and Foundation Capital.
The valuation of Evolution IQ is $200M as of Jan 2023.