TechCrunch
EvolutionIQ raises $21 million to streamline insurance claims processing with AI
According to data from the National Association of Insurance Commissioners, the second most common complaint filed by insurance customers in 2021 was claims delays, which were ranked only after unsatisfactory settlement offers. A growing number of startups, including Alan, Tractable and Snapsheet, offer tools to help customers navigate the insurance claims process. EvolutionIQ announced today that it has raised $21 million in a Series A round led by Brewer Lane Ventures with participation from FirstRound Capital, FirstMark Capital, Foundation Capital, Altai Ventures, Asymmetric Ventures and insurance companies Reliance Standard Life, New York Life Ventures , Guardian Life and Sedgwick.
