$270-300k
+ Equity
More information about location
AI for insurance carriers
Open for applications
AI for insurance carriers
101-200 employees
Open for applications
$270-300k
+ Equity
More information about location
101-200 employees
To transform the insurance industry through a partnership between AI and human experts, ultimately making it more fair and affordable for everyone.
EvolutionIQ is a data-driven claim guidance platform for insurance providers. Its products combine structured and unstructured claim data with external third party data to provide powerful claim guidance, in an attempt to modernize the claims operations process.
The company's offering is certainly an attractive one for businesses handling large volumes of these claims - the solutions aim to help insurance providers detect and prevent fraud without impacting their productivity and customer experience. Historically, the insurance industry has had access to vast amounts of data without optimizing how they use it. EvolutionIQ's machine learning algorithms harness the learnings from every data point, allowing for much more well-informed, actionable insights.
Recently, the company was also acquired by CCC Intelligent Solutions. As part of this acquisition, the company will continue to operate as a standalone company and with a valuation of more than $200 million following a successful VC funding round, EvolutionIQ is focused on the further development of its product and international expansion as it hopes to capture a larger slice of this $10 billion market.
Freddie
Company Specialist at Welcome to the Jungle
111% employee growth in 12 months
Aug 2024
$20.2m
LATE VC
Jun 2023
$10.3m
LATE VC
Flatiron District, New York, NY
Michael Saltzman
(Co-founder & Co-CEO)Studied Engineering and Economics at Dartmouth, and obtained an MBA from Stanford. Co-founded Roomie Rentals while still a student, and then joined Bridgewater Associates as an Investment Associate, prior to co-founding EvolutionIQ in 2019.
Jonathan Lewin
(Co-founder & Co-CEO)Studied History at Harvard. Jonathan co-founded eMeta and held senior leadership roles within corporate development and commerce at a range of companies, prior to co-founding EvolutionIQ in 2019.
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