EvolutionIQ
EvolutionIQ
HQRemote
Team Size226
Open Jobs12
Total Funding-
Latest Fundraise2 years ago
Product: Explainable, human-centric AI claims guidance platform for insurers (disability, workers' compensation, auto casualty).
Traction: Company-stated adoption by 70% of the top 15 U.S. disability carriers.
Funding: Series A $21M (Apr 12, 2022); total capital reported $26.1M as of Apr 2022.
Status: Signed agreement to be acquired by CCC Intelligent Solutions (Dec 20, 2024); became part of CCC in January 2025.
Size: Approximately 226 employees (company listing).
Insurance claims handling (improving triage, decision-making, and outcomes across disability, workers' compensation, and P&C auto casualty).
2019
Insurtech (insurance + AI)
Company references seed/early rounds in 2019 and 2020; participating investors cited in reports include Plug and Play, Foundation Capital, FirstMark.
$21M
TechCrunch reported the $21M Series A; total capital raised reported as $26.1M as of this announcement. Participating investors included First Round Capital, FirstMark, Foundation Capital, Altai Ventures, Asymmetric Ventures and strategic/industry investors such as New York Life Ventures, Guardian Life, Sedgwick, Reliance Standard Life.
Crunchbase lists a Series B with Brewer Lane Ventures as lead; Principal Financial Group is reported as a strategic investor in the Series B round alongside other investors such as Foundation Capital, First Round Capital, and FirstMark.
“Backed by venture firms (Brewer Lane Ventures, First Round Capital, FirstMark, Foundation Capital) alongside strategic insurance investors (New York Life Ventures, Guardian Life, Sedgwick, Principal Financial Group, Reliance Standard Life).”