An AI-based platform for monitoring insurance claims data, tailored for the insurance industry. Its products include IQInvestigate, which automates claim book analysis, identifying suspicious claims and referring them to examiners or SIU for review and investigation.
Another product, IQPriority, evaluates claim severity and litigation likelihood to help adjusters close claims efficiently. Together, these tools streamline claim management, enhance fraud detection, and improve operational efficiency for insurers.
Detail of startup:
- Location: New York City (United States)
- Started in: 2019
- Founders: Tom Vykruta
- Funding: $58.5M
- Funding rounds: 4
- Number of investors: 12
- Company website: evolutioniq.com
