EvolutionIQ

EvolutionIQ

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Overview

EvolutionIQ is an artificial intelligence transformation for insurance carriers. AI Guidance for Disability and General Liability Carriers. By reducing reserves and losses, cycle times, adverse events, lowering expenses, and increasing customer satisfaction, the company's platform improves claims processing, tracks team productivity, and detects fraud trends, allowing clients to receive a fraud detection dashboard and making insurance more fair, transparent, and affordable.

EvolutionIQ was established on January 1, 2019 in New York, United States by Tomas Vykruta and Michael Saltzman.

About

Industries

Artificial Intelligence (AI), InsurTech, Risk Management, Insurance, Fraud Detection, Commercial Insurance

Founded

2019

Employees

101-250

Headquarters locations

New York, New York, United States, North America

Social

N/A

Profile Resume

EvolutionIQ headquartered in New York, New York, United States, North America, operates in the Artificial Intelligence (AI), InsurTech, Risk Management, Insurance, Fraud Detection, Commercial Insurance sector. The company focuses on Artificial Intelligence (AI) and has secured $6.2B in funding across 144 round(s). With a team of 101-250 employees, EvolutionIQ is actively contributing to advancements in Artificial Intelligence (AI). Their latest funding round, Venture Round - EvolutionIQ, raised $10.3M. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Mike Luby

Mike Luby

VP of Engineering

imagePlace Sanket Alekar

Sanket Alekar

Group Product Manager

imagePlace Michael Saltzman

Michael Saltzman

Co-Founder & Co-CEO

imagePlace Tomas Vykruta

Tomas Vykruta

Founder & CTO

Funding Rounds

Funding rounds

7

Investors

0

Lead Investors

0

Total Funding Amount

$43.3M

Details

5

EvolutionIQ has raised a total of $43.3M in funding over 5 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2020Seed1.9M
2020Seed1.0K
2022Early Stage Venture21.0M
2023Early Stage Venture7.0M

Investors

EvolutionIQ is funded by 35 investors.

Investor NameLead InvestorFunding RoundPartners
Brewer Lane Ventures-FUNDING ROUND - Brewer Lane Ventures7.0M
Bill Trenchard-FUNDING ROUND - Bill Trenchard7.0M
EvolutionIQ-FUNDING ROUND - EvolutionIQ7.0M
First Round Capital-FUNDING ROUND - First Round Capital7.0M

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