EvoluteIQ, a business automation platform has raised $20 million in equity and debt led by Round2 Capital, with participation from Nordea Growth Fund, DCAP Select and PH ventures.
The fund will be used to enhance its AI automation platform and expand operations globally.
“EvoluteIQ has consistently proven its ability to deliver tangible value to enterprises through its robust automation platform. We are excited to support EvoluteIQ as they continue to push boundaries in AI and automation and drive exceptional outcomes for their global customer base,” said Christian Czernich, Co-Founder & CEO at Round2 Capital.
“We are humbled to have the continued support of our investors as we execute on our vision to drive the next wave of enterprise transformation. We remain committed to delivering disruptive, scalable solutions that streamline the automation journey for our clients,” said Sameet Gupte, Co-Founder & CEO of EvoluteIQ.
“The AI revolution is ushering in an unprecedented scale of change across industries worldwide. To effectively navigate this transformative landscape, enterprises must select AI-driven technologies capable of delivering authentic, impactful business transformation within accelerated timelines. Over the years, I have observed EvoluteIQ’s unwavering commitment to its vision of simplifying and automating intricate end-to-end processes to achieve precisely these outcomes,” said Hriday Ravindranath, Chief Digital & Information Officer at Orange Business.
Founded in 2019 by Sameet Gupte, EvoluteIQ provides AI-powered end-2-end automation, offering a low-code/no-code platform that combines generative AI, intelligent data and event processing, process automation, RPA, web/mobile application development and built-in connectors for to simplify and accelerate enterprise digital transformation.
EvoluteIQ helps organizations optimize workflows, reduce operational costs, and drive scalability across industries.
EvoluteIQ has grown its customer base across key industries such as Healthcare, BFS & Insurance. The company claimed that it has seen rapid adoption of its EIQ platform across F500 organisations globally, reflected in its strong and consistent organic growth in the ARR over the past years.
