EvoluteIQ Secures $53M to Drive Global AI Automation Innovation

EvoluteIQ announced a $53 million investment led by Baird Capital. This funding will empower global expansion, enhance R&D in Bengaluru, and reinforce leadership in AI-powered automation. Established by tech experts in 2019, EvoluteIQ is known for its pioneering Agentic Mesh Architecture and advanced platform, EIQ.

Bangalore, India & Stockholm, Sweden – EvoluteIQ, a leader in AI-native automation, has successfully closed a $53 million minority growth capital round. The investment, led by Baird Capital, is set to fuel the company's global expansion.

This strategic capital infusion will significantly boost EvoluteIQ's operations, particularly by advancing its research and development efforts in Bengaluru. The company aims to strengthen its position in the AI-powered automation industry.

Founded by tech visionaries Sameet Gupte, Sanjay Koppikar, Deepak Kinger, Arun Hiremath, and Naveen Prabhu in 2019, EvoluteIQ is at the forefront of transforming business process automation. Its innovative platform, backed by the proprietary Agentic Mesh Architecture, is revolutionizing varied industries.

(With inputs from agencies.)