EvolutionIQ
Founded Year
2019Stage
Acquired | AcquiredTotal Raised
$60.35MValuation
$0000About EvolutionIQ
EvolutionIQ focuses on claims guidance for the insurance sector. The platform offers insights and guidance to aid in insurance claims processing. The company serves the insurance industry, providing solutions that support the operational tasks of claims professionals across various lines of business. EvolutionIQ was formerly known as DeepFraud AI. It was founded in 2019 and is based in New York, New York. In December 2024, EvolutionIQ was acquired by CCC Intelligent Solutions.
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ESPs containing EvolutionIQ
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The claims triage software market facilitates the triage process in insurance claims management. Claims triage involves the initial assessment and categorization of insurance claims upon first notice of loss. Insurers can use these solutions to optimize resource allocation, expedite the claims handling process, and improve the customer experience. The solutions in this space typically leverage tec…
EvolutionIQ named as Challenger among 15 other companies, including UiPath, Guidewire, and Sapiens.
EvolutionIQ's Products & Differentiators
IQInvestigate
Focused on monitoring Disability Claims in real time to identify which claims no longer meet the definition of disabled so examiners can focus on claims that can be resolved and reduce investment on low priority claims
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Research containing EvolutionIQ
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned EvolutionIQ in 5 CB Insights research briefs, most recently on Feb 13, 2025.
Feb 13, 2025 report
State of Insurtech 2024 Report
Oct 11, 2024
How genAI is reshaping the insurance value chain
Dec 18, 2023
The P&C claims tech stack market map
Expert Collections containing EvolutionIQ
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
EvolutionIQ is included in 8 Expert Collections, including Insurtech.
Insurtech
4,599 items
Companies and startups that use technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
9,778 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Insurtech 50
100 items
Report: https://app.cbinsights.com/research/report/top-insurtech-startups-2022/
AI 100 (All Winners 2018-2025)
200 items
AI 100 (2024)
100 items
Insurtech 50 (2024)
50 items
Report: https://www.cbinsights.com/research/report/top-insurtech-startups-2024/
Latest EvolutionIQ News
Jun 11, 2025
The move is aimed at expediting the transition to a product and service-based IT operating model. June 11, 2025 HCLTech will provide The Standard with its genAI-led service transformation platform, AI Force, as well as digital engineering and cloud services. The Standard Insurance Company has expanded its alliance with technology company HCLTech to incorporate AI into its infrastructure and application services. This move is aimed at expediting the transition to a product and service-based IT operating model, aligning with the insurer’s digital transformation agenda. Go deeper with GlobalData HCLTech will provide The Standard with its generative AI (genAI)-led service transformation platform, AI Force, as well as digital engineering and cloud services. These technologies are expected to refine The Standard’s delivery of workplace benefits, with a focus on customer service. The transformation will be supported by the formation of a Joint Innovation Council and a Digital Experience Office. The Standard chief information security officer and IT infrastructure and security management organisation head Laxman Prakash said: “The Standard’s growth journey has accelerated in recent years through digital transformation and acquisitions, and HCLTech has proven to be the best partner to help us scale efficiently and seamlessly with its digital-first and customer-focused approach. We look forward to the positive impact that this ongoing partnership will provide for our customers.” GlobalData Strategic Intelligence US Tariffs are shifting - will you react or anticipate? Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis. By GlobalData HCLTech senior vice-president and North America insurance head Anubhav Mehrotra stated: “We are excited about this extended partnership with The Standard, showcasing our deep commitment to the insurance sector. This collaboration underscores HCLTech’s investment in AI-led capabilities and innovative talent, which have been pivotal in guiding The Standard through its digital transformation journey.” Last month, The Standard expanded its partnership with EvolutionIQ , integrating an AI-powered claims guidance platform into its disability insurance processes. This technology empowers The Standard’s claims team to leverage data insights to reduce administrative workloads, enhance decision-making and streamline payments. Sign up for our daily news round-up! Give your business an edge with our leading industry insights.
EvolutionIQ Frequently Asked Questions (FAQ)
When was EvolutionIQ founded?
EvolutionIQ was founded in 2019.
Where is EvolutionIQ's headquarters?
EvolutionIQ's headquarters is located at 250 Hudson Street, New York.
What is EvolutionIQ's latest funding round?
EvolutionIQ's latest funding round is Acquired.
How much did EvolutionIQ raise?
EvolutionIQ raised a total of $60.35M.
Who are the investors of EvolutionIQ?
Investors of EvolutionIQ include CCC Intelligent Solutions, First Round Capital, Amasia, Guidewire, Foundation Capital and 15 more.
Who are EvolutionIQ's competitors?
Competitors of EvolutionIQ include omni:us and 7 more.
What products does EvolutionIQ offer?
EvolutionIQ's products include IQInvestigate and 1 more.
Who are EvolutionIQ's customers?
Customers of EvolutionIQ include Reliance Standard and Argo Group.
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Compare EvolutionIQ to Competitors
Shift Technology specializes in AI decision-making solutions for the insurance industry. The company offers a suite of products that automate and optimize decisions in areas such as fraud detection, claims processing, and underwriting risk assessment. Its AI-driven tools are designed to enhance operational efficiency and improve the policyholder experience. It was founded in 2014 and is based in Paris, France.
Skopenow provides open-source intelligence (OSINT) solutions across various sectors. The company offers an OSINT platform that supports the search, collection, and analysis of open-source data to aid situational awareness and investigative processes. Skopenow's tools assist organizations in identifying risks and threats, visualizing data, and incorporating OSINT into their workflows while maintaining anonymity. It was founded in 2016 and is based in New York, New York.
Charlee.ai focuses on artificial intelligence and predictive analytics in the insurance sector. The company provides solutions for insurance providers to manage claims litigation and reserve management processes. Charlee.ai was formerly known as Infinilytics. It was founded in 2016 and is based in Pleasanton, California.
Gradient AI specializes in artificial intelligence solutions for the insurance sector. The company offers a software-as-a-service platform that utilizes AI to enhance underwriting results, minimize claim costs, and boost operational efficiency. Gradient AI primarily serves the insurance industry, including carriers, MGAs, TPAs, and other related entities. It was formerly known as Milliman - Gradient A.I. It was founded in 2012 and is based in Boston, Massachusetts.
Daisy Intelligence focuses on AI-driven decision-making tools for the retail and insurance sectors. The company offers a platform that enhances merchandise planning and risk management through AI algorithms, including reinforcement learning and its Theory of Retail and Theory of Risk. Services provided include optimization of promotions, prices, demand, assortments, space, along with fraud detection, claims automation, and underwriting. It was founded in 2003 and is based in Toronto, Ontario. Daisy Intelligence operates as a subsidiary of JSM Capital and Manjis Holdings.
Shift Technologies operates in digital process automation and artificial intelligence within the technology sector. The company provides services including AI learning and development, AI solution creation, consulting, strategy formulation, UI/UX design, and generative AI applications. It is based in Dubai, United Arab Emirates.
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