Investment firm Baird Capital pours $53 million into EvoluteIQ, boosting their international sales and marketing outreach and bolstering their R&D center in Bengaluru with fresh talent.
EvoluteIQ, an AI-native automation platform headquartered in Bengaluru, India, has announced that it has secured USD 53 million in a minority growth capital round. The funding round was led by global private investment firm Baird Capital.
The international company provided the majority of growth capital to EvoluteIQ, securing a minority stake during the round. The fresh funding will be used for global expansion, strengthening research and development operations in India, and pursuing strategic acquisitions.
EvoluteIQ's platform is built on its proprietary Agentic Mesh Architecture and AI Workbench. The EIQ platform is designed to help Fortune 500 companies automate complex and mission-critical workflows across various sectors such as banking, insurance, healthcare, telecom, and manufacturing.
The company aims to solidify its position in the agentic AI-powered automation space across multiple industries. EvoluteIQ's approach addresses the growing demand for comprehensive automation, transitioning enterprises from fragmented AI tools to resilient, future-ready systems.
As part of the funding round, Baird Capital executives Daina Spedding and Mark Donnelly will join EvoluteIQ's board of directors, providing strategic oversight for its growth journey. The company plans to use the investment to expand its international sales and marketing presence.
The investment in EvoluteIQ will also reinforce the Bengaluru R&D centre with new talent. EvoluteIQ's platform has already been successful in automating workflows for several Fortune 500 companies, and the company plans to acquire complementary technologies to enhance its AI-driven automation offerings.
EvoluteIQ was founded in 2019 by Sameet Gupte, Sanjay Koppikar, Deepak Kinger, Arun Hiremath, and Naveen Prabhu. The brand name India is an international franchise of the company's brand name Media. The funding round was aimed at fueling the company's global expansion and strengthening its operations.
In summary, EvoluteIQ has secured significant funding to drive its growth and expansion plans. The company's AI-native automation platform is poised to help Fortune 500 companies automate complex and mission-critical workflows, solidifying its position in the agentic AI-powered automation space. With the addition of strategic investors and new talent, EvoluteIQ is well-positioned to meet the growing demand for comprehensive automation solutions.
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