Fundraising Fox

EvolutionIQ

New York, US · Founded 2019 · 251 employees on LinkedIn · 15 known investors

EvolutionIQ builds AI-powered guidance software for insurance claims professionals to improve accuracy, fairness, and efficiency in handling injury and disability claims. The platform helps claims teams identify patterns earlier and supports injured individuals' faster recovery while reducing costs for insurers.

AI & Machine LearningEnterprise SoftwareInsurTech

Founders & leadership

EvolutionIQ was founded in 2019 by Michael Saltzman.

MSMichael Saltzman
Michael SaltzmaninCo-Founder, Co-CEO

Board

KH
Kara HoogensenSVP Specialty Benefits, Principal Financial Group
SB
Scott BoutinChief Claims Officer, Reliance Matrix

Investors · 15

Altai VenturesWestport
Asymmetric Capital PartnersBoston · $1M – $10M
Brewer Lane VenturesBoston
First Round CapitalSan Francisco · $1M – $7M
FirstMark CapitalNew York · $500K – $8M
ICONIQSan Francisco
New York Life VenturesNew York
PelicanCoral Gables
Foundation CapitalreportedSan Francisco · $250K – $15M

Also in the syndicate · 6

Asymmetric VenturesFirstRound CapitalGuardian LifePrincipal Financial GroupReliance Standard LifeSedgwick

Funding

SEC filings, press & company announcements

$21M disclosed across 1 of 3 rounds · 2022–2023

Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

The EvolutionIQ mafia →

6 people who came through EvolutionIQ went on to found or lead other companies.

Tejas HosangadiSenior Software EngineerFounded PreloopGary LiskovichGroup Product ManagerFounded HarmonyzeNick DeveauStaff Machine Learning Engineer - LeadFounded GrottoBen EpsteinTech Lead - LLMsFounded GrottoCatherine SpenceVP of MarketingFounded PomelloDavid R. WinerSenior Applied Machine Learning EngineerFounded Cerbrec

Competitors · 4

by search overlap
Guidewire Software12 shared keywordsGuidewire provides technology and software for property and casualty (P&C) insurers to run and grow their business. It serves the insurance industry with a platform for core operations, data, and digital engagement.
Cccis10 shared keywordsCCC is a technology platform serving the P&C insurance industry with over 35,000 customers, providing software solutions that combine AI and human insight to automate and digitize claims processing and related workflows. The company focuses on helping insurers and repair technicians streamline complex processes while reducing environmental impact through digital transformation.
LeadIQ10 shared keywordsLeadIQ offers a company search tool that provides B2B company profiles with data such as revenue, employee count, funding, and contact information to help sales teams find decision makers and build pipeline.
Five Sigma7 shared keywordsFive Sigma provides an AI-native claims management platform for insurance companies, MGAs, and TPAs that automates claims processing, applies predictive analytics, and includes an AI claims adjuster to improve decision-making and operational efficiency.

Companies competing with EvolutionIQ for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

EvolutionIQ Just Got Acquired for $730M — Here's Their Playbook For Building an Enduring AI Businessreview.firstround.com · Feb 2025EvolutionIQ Raises $7 Million in Series Bthesaasnews.com · Mar 2023Insurance AI Leader EvolutionIQ's Funding Total Rises to $33.1M With Series B Round While Valuation Passes $200Mprnewswire.com · Feb 2023EvolutionIQ raises $21m in Series A funding - Reinsurance Newsreinsurancene.ws · Apr 2022EvolutionIQ Raises $21M Series A To Deliver AI Based Claims Guidance Across The Industryprnewswire.com · Apr 2022

Frequently asked questions

What does EvolutionIQ do?
EvolutionIQ builds AI-powered guidance software for insurance claims professionals to improve accuracy, fairness, and efficiency in handling injury and disability claims. The platform helps claims teams identify patterns earlier and supports injured individuals' faster recovery while reducing costs for insurers.
Who founded EvolutionIQ?
EvolutionIQ was founded by Michael Saltzman in 2019.
Who are EvolutionIQ's investors?
EvolutionIQ's investors include Altai Ventures, Asymmetric Capital Partners, Brewer Lane Ventures, First Round Capital, FirstMark Capital, ICONIQ, New York Life Ventures, Pelican and 1 more.
How much funding has EvolutionIQ raised?
EvolutionIQ has disclosed $21M raised across 1 of its 3 known rounds.
Where is EvolutionIQ headquartered?
EvolutionIQ is headquartered in New York, US.