Insurance AI Leader EvolutionIQ’s Funding Total Rises to $33.1M With Series B Round While Valuation Passes $200M

• With recurring revenue tripling for the 3rd consecutive year, the leader in AI-powered Claims Guidance caps its latest funding round at $7 million 

• Company’s value effectively doubles despite the tech sector’s ongoing volatility 

• Industry adoption accelerates as its AI measurably and consistently helps more sick or injured people recover and return to work vs insurers’ legacy processes

NEW YORK, NY – February 28, 2023 – 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.