EvoluteIQ, an AI company based in London with operations in India, Sweden and the US, has secured a $53m (£38.8m) growth capital investment round.
Founded in 2019, EvoluteIQ provides agentic AI software to automate complex business processes for customers in industries including banking, insurance and healthcare.
EvoluteIQ’s platform, EIQ, can automate decision-making, repetitive tasks and provide insights from data analysis.
The new investment has come from London-based investment group Baird Capital.
“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,” said Sameet Gupte, co-founder and chief executive at EvoluteIQ.
“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.”
Baird Capital’s Daina Spedding and Mark Donnelly will join the company’s board of directors as part of the deal.
“The investment demonstrates our excitement for AI and reshaping automation,”
Spedding added.
“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, and we look forward to working with the team to grow the business.”
