Evolution IQ - About the company
Evolution IQ is an acquired company based in New York (United States), founded in 2019 by 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 613 active competitors, including 94 funded and 91 that have exited. Its top competitors include companies like FintechOS, iPipeline and Tinubu.
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
Last Known Valuation
$***** as on Mar 01, 2023
Investors
Ranked
37th among 613 active competitors
Employee Count
248 as on Jun 30, 2026
Exit Details
Acquired by CCC (Dec 20, 2024)
Legal entities associated with Evolution IQ
Evolution IQ is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
EVOLUTIONIQ INC CIN: 7457082 , United States, Active | Jun 07, 2019 | - | - | - |
Evolution IQ's acquisition details
Evolution IQ got acquired by CCC on Dec 20, 2024.
Click here to take a look at Evolution IQ's acquisition in detail
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Evolution IQ's funding and investors
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
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 30, 2024 | 5976592 | Series C | 6959191 | 2753771 | 2623705 | 3109057 |
Jun 22, 2023 | 5668980 | Series B | 2750055 | 7968746 | 5460464 | 9019329 |
Jan 09, 2023 | 7450599 | Series B | 7435958 | 2776202 |
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Evolution IQ's founders and board of directors
Founder? Claim ProfileThe founders of Evolution IQ is Jonathan Lewin. Jonathan Lewin is the CEO of Evolution IQ.
Here are the details of Evolution IQ's key team members:
- 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 248 employees as of Jun 26. Here is Evolution IQ's employee count trend over the years:
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Evolution IQ's Competitors and alternates
Top competitors of Evolution IQ include FintechOS, iPipeline and Tinubu. Here is the list of Top 10 competitors of Evolution IQ, ranked by Tracxn score:
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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 | 68/100 | |
2nd | iPipeline 1995, Exton (United States), Acquired | Cloud-based software suite for life insurance and financial services industry | $104M | 67/100 | |
3rd | Cloud-based software solutions for credit insurers, surety bonds & trade finance | $147M | 65/100 | ||
4th | Provider of AI-powered platforms and APIs for financial services | $2.19M | 64/100 | ||
5th |  Newfront 2017, San Francisco (United States), Acquired | Provider of insurance brokerage and total rewards services | $300M | 64/100 | |
6th |  Nexus FrontierTech 2015, London (United Kingdom), Seed | AI-based software suite for financial service industry | $3.81M | - | 64/100 |
7th | FurtherAI 2023, San Francisco (United States), Series A | AI-powered automation platform for insurance industry tasks | $35.6M | 64/100 | |
8th | Insurance policy administration and compliance solutions for the insurance industry | - | 64/100 | ||
9th | Provider of a platform for AI decision-making in banking and insurance | $97.5M | 63/100 | ||
10th | Bravura Solutions 2004, Edinburgh (United Kingdom), Acquired | Software solutions for life insurance and wealth management | $28.4M | 63/100 | |
37th |  Evolution IQ 2019, New York (United States), Acquired | AI-based insurance claims data monitoring platform for the insurance industry | $60.3M | 53/100 |
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Evolution IQ's Investments and acquisitions
Evolution IQ has made no investments or acquisitions yet.
Reports related to Evolution IQ
Here is the latest report on Evolution IQ's sector:
News related to Evolution IQ
Filter this list•
EvolutionIQ’s AI-Powered Specialist Intervention Optimizes Workers’ Compensation Claims ManagementGlobal Fintech Series•Mar 19, 2025•Evolution IQ
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Ccc Finalises $730m Evolutioniq AcquisitionLife Insurance International•Jan 07, 2025•CCC, Evolution IQ
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CCC Intelligent Solutions to acquire EvolutionIQCoverager•Dec 20, 2024•CCC, Evolution IQ, Kirkland & Ellis
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Peyton Manning’s Omaha Productions Subleases 5K SF at 27 West 24th StreetCommercial Observer•May 31, 2024•Omaha Productions, Evolution IQ
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Tech Firm TMRW Life Sciences Subleases 28K SF at 250 Hudson Street to EvolutionIQCommercial Observer•May 31, 2024•TMRW, Evolution IQ
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Prudential partners with EvolutionIQ to help disability insurance claimants recover and return to workInsuranceNewsNet•Sep 15, 2023•Evolution IQ, Prudential
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