EvoluteIQ raises $53 million to enhance AI-powered automation solutions
EvoluteIQ raises $53M minority growth round led by Baird Capital to fund global expansion and AI R&D.
EvoluteIQ, a Stockholm-based company specializing in AI-powered agentic automation, has secured $53 million in a minority growth capital funding round. The investment marks a significant milestone for the company as it accelerates its growth in the rapidly expanding field of business process automation.
Key Investment Details
The funding round was led by global private equity firm Baird Capital, with participation from additional strategic investors whose identities were not disclosed. Baird Capital focuses on investments in B2B technology and services across North America and the UK. With this new partnership, Daina Spedding and Mark Donnelly, both from Baird Capital, will join the EvoluteIQ Board of Directors to support the company’s strategic direction.
Plans for Growth and Innovation
The $53 million investment will enable EvoluteIQ to expand its global footprint, enhance its research and development efforts, and explore strategic acquisitions. Additionally, the company aims to scale its operations, recruit top-tier talent, and advance its next-generation AI technologies. These initiatives align with EvoluteIQ’s vision of transforming how businesses automate complex processes at scale.
About EvoluteIQ
Founded in 2019 by Sameet Gupte, Sanjay Koppikar, Deepak Kinger, Arun Hiremath, and Naveen Prabhu, EvoluteIQ provides an AI-native agentic automation platform designed to simplify and optimize business workflows. At the core of its offerings is the EIQ platform, which leverages its proprietary Agentic Mesh Architecture (aMa) and AI Workbench to deliver end-to-end workflow automation for enterprises, including Fortune 500 companies.
EvoluteIQ is headquartered in Stockholm, Sweden, and maintains a significant presence in London, Menlo Park, and Bengaluru, underscoring its global reach. The company continues to play a pivotal role in advancing automation technology for businesses worldwide.
Strategic Implications
With this substantial funding, EvoluteIQ is well-positioned to capitalize on the growing demand for AI-driven automation solutions. Its focus on innovation and scalability reflects broader trends in the technology sector as organizations seek to streamline operations and improve efficiency through automation.
This latest funding round underscores the confidence investors have in EvoluteIQ's potential to lead in the business process automation space. As the company gears up for its next phase of growth, it remains committed to reshaping the automation landscape with cutting-edge AI technology.