EvoluteIQ, an advanced AI platform that caters to a range of global Fortune 500 companies, has recently announced the completion of a significant funding round. This round raised $53 million in minority growth capital, led by Baird Capital, a well-known investment firm.
With this funding, EvoluteIQ aims to accelerate its global expansion and strengthen its position as a leader in enterprise-grade automation powered by agentic AI.
Founded in 2019, EvoluteIQ is revolutionizing how businesses automate complex processes. The company has developed a cutting-edge platform known as EIQ, which is based on its unique Agentic Mesh Architecture and an AI Workbench. This innovative technology allows organizations to achieve measurable results in essential operations across various sectors, including banking, financial services, insurance, healthcare, telecommunications, and manufacturing. Unlike traditional automation methods that typically focus on isolated solutions, EvoluteIQ’s platform enables companies to manage comprehensive, end-to-end business workflows seamlessly.
EvoluteIQ’s approach is particularly significant for enterprises that struggle to navigate a crowded landscape of fragmented AI tools. The platform provides a comprehensive and autonomous solution for business process management. This unique capability enables large organizations to design systems that are not only resilient but also adaptable to future challenges, ultimately leading to sustained growth.
With the backing of Baird Capital’s vast global resources, EvoluteIQ is well-positioned to expand its operations on an international scale. The involvement of Baird Capital’s Daina Spedding and Mark Donnelly on the EvoluteIQ Board of Directors is expected to further guide the company in its strategic initiatives and growth trajectory.
Advisors/counsel: Baird Capital was advised by Eversheds Sutherland (Legal), Zinnov (Commercial Diligence), Azets (Financial Diligence), BDO (Tax Diligence), Seedcloud (Technology), Confidas (Management), Canaccord Genuity (Corporate Finance), Arete (Sales Diligence), and WTW (Insurance). EvoluteIQ was advised by Rothschild & Co, PWC (Financial), and Schjodt (Legal).
KEY QUOTES:
“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, and we look forward to working with the team to grow the business.”
Daina Spedding, Director in Baird Capital’s Global Private Equity team
“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.”
Sameet Gupte, Co-Founder and Chief Executive at EvoluteIQ
