Full-Time
Confirmed live in the last 24 hours
AI software for insurance claims handling
$150k - $175kAnnually
Mid, Senior
H1B Sponsorship Available
New York, NY, USA
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EvolutionIQ creates software for the insurance industry that enhances the claims handling process using artificial intelligence. The software helps insurance examiners and adjusters identify the right claims to focus on, improving efficiency and accuracy. Unlike competitors, EvolutionIQ's AI can predict claim trajectories earlier, leading to more successful Return to Work outcomes for claimants. The company's goal is to streamline the claims process, allowing insurers to better assist individuals in their recovery.
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$58.7M
Headquarters
New York City, New York
Founded
2019
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Health Insurance
Dental Insurance
Vision Insurance
Disability Insurance
401(k) Company Match
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Hybrid Work Options
Stock Options
Company Equity
Professional Development Budget
Home Office Stipend
CCC Intelligent Solutions Inc. announced its acquisition of EvolutionIQ for $730 million, to be paid with 40% CCCS common stock and 60% cash, including a $225 million term loan. The acquisition aims to enhance CCC's AI-powered SaaS platform with EvolutionIQ's AI capabilities for disability and injury claims management. The transaction is expected to close in Q1 2025. CCC also authorized a $300 million share repurchase program.
CCC Intelligent Solutions acquires EvolutionIQ for $730M.
I first invested in EvolutionIQ's seed financing in 2019 alongside First Round Capital.
CCC Intelligent Solutions (NASDAQ: CCCS) is acquiring EvolutionIQ for $730 million, with 40% in CCCS stock and 60% in cash, funded by cash on hand and a $225 million term loan. The deal, expected to close in Q1 2025, expands CCC's market into disability and injury claims management. CCC also announced a $300 million share repurchase program, reflecting confidence in the acquisition's benefits. EvolutionIQ's AI capabilities will enhance CCC's existing auto casualty platform.
The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.The reader should not assume that the information is accurate and complete.