EvolutionIQ Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 200

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $674M

EvolutionIQ General Information

Description

Developer of a claim guidance platform designed to detect fraud. The company's platform improves claims processing, tracks team productivity, and finds fraud trends by reducing reserves and losses, cycle times, adverse events, lowering expenses, and higher customer satisfaction, enabling clients to get a fraud detection dashboard and making insurance more fair, transparent, and affordable.

Contact Information

Website
www.evolutioniq.com
Formerly Known As
DeepFraud AI, DeepFraud Technologies
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 250 Hudson Street
  • 6th Floor
  • New York, NY 10013
  • United States
+1 (617)
Primary Industry
Business/Productivity Software
Other Industries
Other Insurance
Parent Company
CCC Intelligent Solutions
Vertical(s)
Big Data, SaaS, Artificial Intelligence & Machine Learning, InsurTech
Corporate Office
  • 250 Hudson Street
  • 6th Floor
  • New York, NY 10013
  • United States
+1 (617)

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EvolutionIQ Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
8. Merger/Acquisition 06-Jan-2025 $674M Completed Generating Revenue
7. Secondary Transaction - Private 13-Aug-2024 Completed Generating Revenue
6. Later Stage VC (Series C) 30-Jul-2024 Completed Generating Revenue
5. Early Stage VC (Series B1) 22-Jun-2023 Completed Generating Revenue
4. Early Stage VC (Series B) 09-Jan-2023 Completed Generating Revenue
3. Early Stage VC (Series A) 16-Mar-2022 Completed Generating Revenue
2. Seed Round 11-May-2020 $1.89M $4.98M Completed Generating Revenue
1. Seed Round 01-Jul-2019 $3.1M $3.1M Completed Generating Revenue
To view EvolutionIQ’s complete valuation and funding history, request access »

EvolutionIQ Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series C
Series B1
Series B
Series A
Seed-3
Seed-2 1,214,014 $0.000010 $1.55 $1.55 1x $1.55 5.29%
Seed 2,818,181 $0.000010 $1.1 $1.1 1x $1.1 12.27%
To view EvolutionIQ’s complete cap table history, request access »

EvolutionIQ Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a claim guidance platform designed to detect fraud. The company's platform improves claims processing, trac
Business/Productivity Software
New York, NY
200 As of 2025

Paris, France
 

Sunnyvale, CA
 
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EvolutionIQ Competitors (21)

One of EvolutionIQ’s 21 competitors is Shift Technology, a Venture Capital-Backed company based in Paris, France.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Shift Technology Venture Capital-Backed Paris, France
CLARA Analytics Venture Capital-Backed Sunnyvale, CA
Claimable (Financial Software) Corporation London, United Kingdom
Tractable Venture Capital-Backed London, United Kingdom
MotionsCloud Venture Capital-Backed Munich, Germany
You’re viewing 5 of 21 competitors. Get the full list »

EvolutionIQ Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

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EvolutionIQ Former Investors (15)

Investor Name Investor Type Holding Investor Since Participating Rounds
Altai Ventures Venture Capital Minority
Asymmetric Capital Partners Venture Capital Minority
Brewer Lane Ventures Venture Capital Minority
First Round Capital Venture Capital Minority
FirstMark Capital Venture Capital Minority
You’re viewing 5 of 15 investors. Get the full list »

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EvolutionIQ FAQs

  • When was EvolutionIQ founded?

    EvolutionIQ was founded in 2019.

  • Where is EvolutionIQ headquartered?

    EvolutionIQ is headquartered in New York, NY.

  • What is the size of EvolutionIQ?

    EvolutionIQ has 200 total employees.

  • What industry is EvolutionIQ in?

    EvolutionIQ’s primary industry is Business/Productivity Software.

  • Is EvolutionIQ a private or public company?

    EvolutionIQ is a Private company.

  • What is the current valuation of EvolutionIQ?

    The current valuation of EvolutionIQ is .

  • What is EvolutionIQ’s current revenue?

    The current revenue for EvolutionIQ is .

  • How much funding has EvolutionIQ raised over time?

    EvolutionIQ has raised $63.4M.

  • Who are EvolutionIQ’s investors?

    Altai Ventures, Asymmetric Capital Partners, Brewer Lane Ventures, First Round Capital, and FirstMark Capital are 5 of 15 investors who have invested in EvolutionIQ.

  • Who are EvolutionIQ’s competitors?

    Shift Technology, CLARA Analytics, Claimable (Financial Software), Tractable, and MotionsCloud are some of the 21 competitors of EvolutionIQ.

  • When was EvolutionIQ acquired?

    EvolutionIQ was acquired on 06-Jan-2025.

  • Who acquired EvolutionIQ?

    EvolutionIQ was acquired by CCC Intelligent Solutions.

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