EvoluteIQ, the enterprise-grade, AI-native automation platform, has raised $53 million in minority growth capital funding round led by Baird Capital, a global private investment firm.
The funds raised will be used to expand internationally, invest further in its Bengaluru R&D Centre, and strengthen its position in the agentic AI–powered automation space across industries. EvoluteIQ also aims to hire sales and marketing teams globally to scale operations.
EvoluteIQ plans to scale its business internationally while continuing its Indian base.
Daina Spedding, Director, Baird Capital, and Mark Donnelly, Baird Capital, will join the EvoluteIQ Board of Directors.
Founded in 2019 by Sameet Gupte, Sanjay Koppikar, Deepak Kinger, Arun Hiremath, and Naveen Prabhu, EvoluteIQ focuses on automation of complex business processes through its platform (EIQ), built on its proprietary Agentic Mesh Architecture {aMa} and the AI Workbench. The platform delivers outcomes across operations in Banking and Financial Services, Insurance, Healthcare, Telecommunications, and Manufacturing by orchestrating complete end-to-end workflows.
EvoluteIQ’s approach addresses enterprises’ need to move beyond fragmented AI tools to comprehensive, autonomous business process management. The EIQ platform enables large enterprises to build autonomous, resilient, and future-ready systems.
Prior to this, EvoluteIQ has raised $20 million in equity and debt led by Round2 Capital, with participation from Nordea Growth Fund, DCAP Select and PH Ventures.
Daina Spedding, Director, Baird Capital, said, “The investment demonstrates our excitement for AI and reshaping automation. EvoluteIQ has earned its place alongside other automation trailblazers, bringing deep expertise and addressing a critical AI need across the enterprises they serve. We are delighted to welcome EvoluteIQ into Baird Capital’s portfolio.”
Sameet Gupte, Co-Founder and Chief Executive, EvoluteIQ said, “India has been instrumental in our journey, providing the technological backbone of innovation for our global success. We are privileged to partner with Baird Capital for EvoluteIQ’s next phase as a company. The Agentic AI market represents a fundamental shift from reactive automation to proactive, intelligent orchestration. Baird Capital’s expertise in scaling technology companies, network, and global resources will help us accelerate our journey, as we focus on driving transformative growth through outcome driven agentic models.”
