Insurance Ai Leader Evolutioniq's Funding Total Rises To $33.1M With Series B Round While Valuation Passes $200M
Round Type
Series B
New YorkInformation TechnologySoftwareArtificial IntelligenceMachine LearningNatural Language ProcessingInvestors
Description
EvolutionIQ, the market-leading AI-powered Claims Guidance platform for Disability, Workers' Compensation, and Property & Casualty insurance, today announced that it completed its Series B round, raising $7M at a greater than $200M valuation. Brewer Lane Ventures led the round, with participation from all major existing investors including First Round Capital, FirstMark Capital and Foundation Capital, and joined by Principal Financial Group®, the major insurance company and existing EvolutionIQ customer.
Quick answer
EvolutionIQ raised an undisclosed amount in a Series B round, dated February 28, 2023. Investors: FirstMark Capital, Palantir, Meta, Bloomberg, Amazon, Principal Financial Group®, Foundation Capital and First Round Capital. EvolutionIQ is based in New York, New York, United States.
- How much did EvolutionIQ raise?
- EvolutionIQ raised an undisclosed amount in a Series B round on February 28, 2023.
- Who invested in EvolutionIQ?
- FirstMark Capital, Palantir, Meta, Bloomberg, Amazon, Principal Financial Group®, Foundation Capital and First Round Capital are named as investors in this round.
- What does EvolutionIQ do?
- Legal Name of EvolutionIQ is Deepfraud Technologies Inc. EvolutionIQ created the world's first fully AI-driven claims guidance platform for the most sophisticated insurance carriers in the world.
- Where is EvolutionIQ based and how big is it?
- EvolutionIQ is based in New York, New York, United States.
- Who are the decision-makers at EvolutionIQ?
- Fundz holds 1 contact at EvolutionIQ, including the EVP of Engineering. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Natural Language Processing and Software around the same time
Companies in the same sectors as EvolutionIQ that raised within 45 days of this round, from Fundz verified event records.
- Verses Technologies raised an undisclosed amount (Convertible Note) on March 31, 2023.
- Parloa raised $21M (Funding Round) on March 30, 2023.
- Verses Technologies raised an undisclosed amount (Convertible Note) on March 22, 2023.
- Verses Technologies raised $189K (Seed) on March 21, 2023.
- Seldon raised $24M (Series B) on March 16, 2023.
- Amelia raised $175M on March 7, 2023.
Who to call at EvolutionIQ, and when
A new round usually means EvolutionIQ is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day EvolutionIQ raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at EvolutionIQ, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at EvolutionIQ. With Fundz connected, it knows.
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Funding Insights
What this usually meansEvolutionIQ raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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