EvoluteIQ, an enterprise automation company, has raised $53 million in a minority growth funding round led by Baird Capital, underscoring rising investor confidence in AI-powered business process automation.
Funding Use and Expansion Plans
The fresh capital will be deployed to accelerate international expansion, strengthen research and development (R&D), and scale operations in India, where the company houses its largest R&D hub. EvoluteIQ aims to cement its position in the emerging agentic AI market, which represents a shift from reactive automation to proactive, intelligent orchestration.
Co-founder and CEO Sameet Gupte said, “India has been instrumental in our journey, providing the technological backbone of innovation for our global success. The agentic AI market represents a fundamental shift from reactive automation to proactive, intelligent orchestration.”
Investor Perspective
Baird Capital emphasized the strategic value of combining traditional automation with AI-driven decision-making. “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 enterprises,” said Daina Spedding, director at Baird Capital. Spedding and Mark Donnelly will join EvoluteIQ’s board of directors.
Company Background and Market Reach
Founded in 2019 by Sameet Gupte, Sanjay Koppikar, Deepak Kinger, Arun Hiremath, and Naveen Prabhu, EvoluteIQ helps enterprises build autonomous, resilient, and future-ready systems. Its platform is used across banking and financial services, healthcare, telecom, and manufacturing, enabling Fortune 500 firms to deliver measurable outcomes in mission-critical operations.
Final Take
With $53 million in new funding, EvoluteIQ is poised to scale globally while deepening its Indian base, reflecting how India-led innovation is powering the next generation of AI-driven enterprise transformation.
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