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EvoluteIQ, an AI-driven business automation company, has raised $53 million in a funding round led by Baird Capital.
The funding will help EvoluteIQ expand globally and grow its enterprise AI-driven automation solutions.
With backing from Baird Capital, EvoluteIQ plans to grow internationally. As part of the deal, Daina Spedding and Mark Donnelly from Baird Capital will join EvoluteIQ’s Board of Directors.
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“This (funding) shows that if you have a good technology product that customers like and that actually delivers, and if you have a strong go-to-market strategy supported by partners and the ecosystem, then even in this world of AI and constant change, good companies with sound business models are recognised by good investors,” Sameet Gupte, Co-founder and CEO of EvoluteIQ.
“We created the Agentic Mesh Architecture, the central nervous system of our platform, to address entire processes rather than fragments of them. Our vision has always been that the process itself is the problem, not just parts of it. Unlike competitors who focus on workflow, RPA or data extraction, we built technology that can learn, fix itself and automate end to end,” Gupte explained.
“EvoluteIQ has earned its place alongside other automation trailblazers, bringing deep expertise and addressing a critical AI need across the enterprises they serve,” said Daina Spedding, Director in Baird Capital’s Global Private Equity team.
About EvoluteIQ
Founded in 2019 by Sameet Gupte, Sanjay Koppikar, Deepak Kinger, Arun Hiremath and Naveen Prabhu, EvoluteIQ builds the EIQ platform, which uses Agentic Mesh Architecture and AI Workbench to automate complex business processes.
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It can handle end-to-end workflows in industries like banking, finance, insurance, healthcare, telecom, and manufacturing.
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