EvoluteIQ, an AI-driven business automation platform, has raised $20 million in a mix of equity and debt financing, led by Round2 Capital, with participation from Nordea Growth Fund, DCAP Select, and PH Ventures. This capital injection aims to accelerate EvoluteIQ’s platform enhancements and support its expansion into new international markets.
Since its founding in 2019 by Sameet Gupte, EvoluteIQ has aimed to simplify digital transformation through an AI-powered, low-code/no-code automation platform. The platform integrates generative AI with intelligent data processing, robotic process automation (RPA), web and mobile application development, and a host of pre-built connectors. By streamlining complex workflows, EvoluteIQ’s solutions help organizations cut operational costs, scale efficiently, and enhance productivity across a range of sectors.
EvoluteIQ’s platform, EIQ, has gained significant traction, particularly in industries such as healthcare, banking, financial services, and insurance. By offering a comprehensive, user-friendly automation solution, EvoluteIQ enables companies, including Fortune 500 firms, to achieve substantial digital advancements with minimal technical expertise required. As the company continues to expand, this latest funding round will help solidify EvoluteIQ’s position as a global leader in AI-powered business automation.
