Full-Time

Principal Software Engineer

AI + ML Saas / Insurtech

Updated on 3/6/2025

EvolutionIQ

EvolutionIQ

201-500 employees

AI software for insurance claims handling

Compensation Overview

$270k - $300kAnnually

Senior, Expert

H1B Sponsorship Available

New York, NY, USA

Category
Backend Engineering
FinTech Engineering
Software Engineering
Required Skills
LLM
Python
Data Science
Machine Learning
Requirements
  • 10-15+ years in software development, with at least five years in a leadership or principal role.
  • Proven track record of architecting and delivering large-scale, critical systems into production.
  • Extensive expertise in scalable cloud architecture, relational database design, and building multi-tenant backend systems.
  • Deep understanding of processing unstructured data and working with large-scale datasets and LLMs.
  • Expert in Python and other relevant technologies.
  • Skilled in technical documentation, code reviews, and applying state-of-the-art engineering practices.
  • Strong collaborator with exceptional communication skills, capable of engaging technical and non-technical audiences.
  • An inspirational technical leader with a track record of success in high-stakes projects.
Responsibilities
  • Provide strategic technical guidance across the engineering organization, leading the development and implementation of complex software solutions.
  • Architect scalable, secure, and high-performance systems that integrate cutting-edge AI and ML capabilities, focusing on unstructured data and LLMs.
  • Act as a top contributor, rapidly turning ideas into thoughtful designs with multiple options, pros, and cons, and swiftly implementing frameworks.
  • Mentor junior engineers, fostering their growth and aligning the team with the technical vision.
  • Partner directly with leadership, including the CTO and VPs, to align on technical strategy and deliver impactful solutions.
  • Ensure reliable and successful deliveries to enterprise clients, learning from past experiences to improve future launches.
  • Drive first-principles thinking to solve 0-to-1 problems, working with data sets that have never been used for data science in our industry.
Desired Qualifications
  • Deep understanding of insurance-related data challenges preferred, able to present technical solutions with clear business impact.

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 address, improving efficiency and accuracy. Unlike competitors, EvolutionIQ offers a subscription-based software-as-a-service model, which allows for continuous updates and improvements. The company's goal is to streamline claims processing, reduce stress for claimants, and increase the rate of Return to Work outcomes.

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$58.7M

Headquarters

New York City, New York

Founded

2019

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with HEMIC enhances claims management for workers' compensation in Hawaii.
  • Acquisition by CCC Intelligent Solutions expands EvolutionIQ's market reach and resources.
  • AI-driven predictive analytics improve customer satisfaction and claims processing efficiency.

What critics are saying

  • Integration challenges with CCC may disrupt EvolutionIQ's operations and client relationships.
  • Resource strain from HEMIC partnership could impact EvolutionIQ's service capacity.
  • AI biases and inaccuracies may affect client trust and satisfaction in claims processing.

What makes EvolutionIQ unique

  • EvolutionIQ uses AI to guide claims examiners, improving efficiency and accuracy.
  • The platform predicts claim trajectories earlier, enhancing Return to Work outcomes.
  • MedHub integrates medical summarization, streamlining claims decision-making for professionals.

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Benefits

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

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

-1%

2 year growth

1%
PR Newswire
Feb 28th, 2025
Hemic Partners With Evolutioniq To Transform Claims Management With Ai-Driven Innovation

NEW YORK, Feb. 26, 2025 /PRNewswire/ -- EvolutionIQ, the market-leading Claims Guidance platform, today announced a new partnership with Hawaii Employers' Mutual Insurance Company (HEMIC), Hawaii's trusted provider of workers' compensation insurance. The collaboration will enhance HEMIC's commitment to improving outcomes for injured workers while delivering unparalleled service to Hawaii's businesses.HEMIC's core mission is to support the local community by providing essential workers' compensation coverage, improving the safety of policyholders' workplaces, and helping injured workers recover and return to work. Guided by this purpose, HEMIC conducted a detailed search for next generation solutions to empower their claims teams with AI-powered insights, ultimately selecting EvolutionIQ for its market-leading claims insights, seamless Guidewire ClaimCenter integration, and full-service change management approach.Under this partnership, HEMIC will deploy EvolutionIQ's Claims Guidance and Medhub Active Medical Summarization across its claims operations to enhance the efficiency and efficacy of claim analysis and management. EvolutionIQ's platform is purpose-built to empower HEMIC's claims team with AI-driven alerts, summarized insights, and supportive recommendations to improve the claim journey for employers and injured workers."Our mission is to serve Hawaii's businesses and workers by ensuring fair, compassionate, and efficient claims processes," said Tammy Teixeira, senior vice president of HEMIC. "Partnering with EvolutionIQ allows us to take that mission to the next level

FF News
Feb 28th, 2025
Hemic Partners With Evolutioniq To Transform Claims Management With Ai-Driven Innovation

EvolutionIQ, the market-leading Claims Guidance platform, today announced a new partnership with Hawaii Employers’ Mutual Insurance Company (HEMIC), Hawaii’s trusted provider of workers’ compensation insurance. The collaboration will enhance HEMIC’s commitment to improving outcomes for injured workers while delivering unparalleled service to Hawaii’s businesses.HEMIC’s core mission is to support the local community by providing essential workers’ compensation coverage, improving the safety of policyholders’ workplaces, and helping injured workers recover and return to work. Guided by this purpose, HEMIC conducted a detailed search for next generation solutions to empower their claims teams with AI-powered insights, ultimately selecting EvolutionIQ for its market-leading claims insights, seamless Guidewire ClaimCenter integration, and full-service change management approach.Under this partnership, HEMIC will deploy EvolutionIQ’s Claims Guidance and Medhub Active Medical Summarization across its claims operations to enhance the efficiency and efficacy of claim analysis and management. EvolutionIQ’s platform is purpose-built to empower HEMIC’s claims team with AI-driven alerts, summarized insights, and supportive recommendations to improve the claim journey for employers and injured workers.“Our mission is to serve Hawaii’s businesses and workers by ensuring fair, compassionate, and efficient claims processes,” said Tammy Teixeira, senior vice president of HEMIC. “Partnering with EvolutionIQ allows us to take that mission to the next level. After an extensive search for an AI partner, we chose EvolutionIQ for their cutting-edge technology and their hyper focus on supporting our claims staff and facilitating better claim outcomes.This collaboration underscores HEMIC’s long-term commitment to innovation and community impact

WorkCompWire
Jan 6th, 2025
CCC Acquires EvolutionIQ for $730M

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.

Claims Journal
Dec 20th, 2024
CCC Intelligent Solutions Acquires EvolutionIQ for $730M

CCC Intelligent Solutions acquires EvolutionIQ for $730M.

Foundation Capital
Dec 20th, 2024
Celebrating a Remarkable Milestone: EvolutionIQ has been acquired by CCC Intelligent Solutions for $730 million

I first invested in EvolutionIQ's seed financing in 2019 alongside First Round Capital.