When was Evolution IQ founded?

Evolution IQ was founded in 2019 and raised its 1st funding round 1 year after it was founded.

Where is Evolution IQ located?

Evolution IQ is headquartered in New York, United States.

Who is the current CEO of Evolution IQ?

Bill Fitzgerald and Jonathan Lewin s of Evolution IQ. Bill Fitzgerald has also founded 1 company.

How many employees does Evolution IQ have?

As of Jul 31, 2026, the latest employee count at Evolution IQ is 246.

Is Evolution IQ a funded company?

Evolution IQ is a funded company, having raised a total of $60.3M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 11, 2020.

How much is Evolution IQ worth?

The last known valuation of Evolution IQ was $***** as of Mar 01, 2023.

When was the latest funding round of Evolution IQ?

Evolution IQ's latest funding was a $***** Series C round on Jul 30, 2024, with participation from 0 investor. Its primary sector is Insurance IT. In United States, the Insurance IT sector has seen $1.02B in funding in 2026 to date.

Where does Evolution IQ rank among its competitors?

Evolution IQ ranks 37th amongst 747 active competitors, of which 108 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Gradient, which secured an undisclosed amount in Mar, 2026.

Who are the top competitors of Evolution IQ?

Evolution IQ's top competitors include FintechOS, Bestow and iPipeline. Among them, Gradient secured the most recent funding round in March, 2026.

Evolution IQ - 2026 Company Profile, Team, Funding & Competitors

Evolution IQ is an acquired company based in New York (United States), founded in 2019 by Bill Fitzgerald and Jonathan Lewin. It operates as an AI-based insurance claims data monitoring platform for the insurance industry. Evolution IQ has raised $60.3M in funding from Brewer Lane Ventures, with last known valuation of $*****. The company has 747 active competitors, including 108 funded and 95 that have exited. Its top competitors include companies like FintechOS, Bestow and iPipeline.

Company Details

AI-based insurance claims data monitoring platform for the insurance industry. Its products include IQInvestigate to automate detection across claim books, automatically referring claims to examiners or SIU for claim reviews & investigations and IQPriority to analyze claim severity and litigation propensity to deliver adjusters with claim closures.

Website: www.evolutioniq.com/
Email ID: *****@evolutioniq.com

Key Metrics

Founded Year

2019

Location

New York, United States

Stage

Acquired

Total Funding

$60.3M in 5 rounds

Latest Funding Round

Series C, Jul 30, 2024, $*****

Last Known Valuation

$***** as on Mar 01, 2023

Investors

Brewer Lane Ventures & 12 more

Ranked

37^th among 747 active competitors

Employee Count

246 as on Jul 31, 2026

Similar Companies

Bestow & 46 more

Exit Details

Acquired by CCC (Dec 20, 2024)

View Evolution IQ's full profile

Evolution IQ is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
EVOLUTIONIQ INC CIN: 7457082 , United States, Active	Jun 07, 2019	-	-	-

Evolution IQ got acquired by CCC on Dec 20, 2024.

Click here to take a look at Evolution IQ's acquisition in detail

Evolution IQ has raised a total funding of $60.3M over 5 rounds. Its first funding round was on May 11, 2020. Evolution IQ has 13 institutional investors.

Here is the list of recent funding rounds of Evolution IQ:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 30, 2024	2005726	Series C	4988605	5872207	3076877	6846813
Jun 22, 2023	8273943	Series B	5948430	2807699	2794576	9642808
Jan 09, 2023	9364799	Series B	5875335	4892889	Brewer Lane Ventures	First Round Capital & 3 more

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View details of Evolution IQ's funding rounds and investors

The founders of Evolution IQ are Bill Fitzgerald and Jonathan Lewin. Jonathan Lewin is the CEO of Evolution IQ.

Here are the details of Evolution IQ's key team members:

Bill Fitzgerald: Operating Advisor - CEO/Co-Founder (Acquired by CCC Intelligent: $730M Dec' 24) of Evolution IQ and founder of 1 other company.
Jonathan Lewin: Co-Founder & Co-CEO of Evolution IQ.

View details of Evolution IQ's Founder profiles and Board Members

Evolution IQ's employee count trend

Evolution IQ has 246 employees as of Jul 26. Here is Evolution IQ's employee count trend over the years:

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Top competitors of Evolution IQ include FintechOS, Bestow and iPipeline. Here is the list of Top 10 competitors of Evolution IQ, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	FintechOS 2017, London (United Kingdom), Series B	Provider of AI-based software suite for the banking and insurance industry	$146M	Gapminder, Cipio Partners & 12 others	68/100
2nd	Bestow 2016, Dallas (United States), Series D	Developer of life insurance new business and administration software platform solutions	$216M	Valar Ventures, Goldman Sachs & 11 others	68/100
3rd	iPipeline 1995, Exton (United States), Acquired	Cloud-based software suite for life insurance and financial services industry	$104M	TCV, Fidelity Ventures & 3 others	66/100
4th	Tinubu 2000, Moulineaux (France), Series D	Cloud-based software solutions for credit insurers, surety bonds & trade finance	$147M	Long Arc Capital, Bpifrance & 6 others	65/100
5th	Bravura Solutions 2004, Edinburgh (United Kingdom), Acquired	Software solutions for life insurance and wealth management	$28.4M	Ironbridge, Herald Investment Management	64/100
6th	FurtherAI 2023, San Francisco (United States), Series A	AI-powered automation platform for insurance industry tasks	$35.6M	Nexus Venture Partners, Y Combinator & 7 others	64/100
7th	Socotra 2014, San Francisco (United States), Series C	Cloud-based policy management and underwriting solutions for the insurance industry	$98M	MS&AD Ventures, Nationwide & 18 others	63/100
8th	Linedata 1998, Neuilly sur seine (France), Public	Provider of software, data, analytics, and related services for financial institutions	-	Ardian, XAnge & 4 others	63/100
9th	Gradient 2018, Boston (United States), Series C	AI-based claims automation and auditing solutions for the insurance industry	$89.7M	Centana Growth Partners, Forte Ventures & 9 others	63/100
10th	Sapiens 1982, Holon (Israel), Acquired	Insurance policy administration and compliance solutions for the insurance industry	-	EQT, Nir 4 You & 9 others	63/100
37th	Evolution IQ 2019, New York (United States), Acquired	AI-based insurance claims data monitoring platform for the insurance industry	$60.3M	Foundation Capital, First Round Capital & 11 others	53/100