EvoluteIQ secures $53m to expand agentic AI platform

By Vriti Gothi

EvoluteIQ has raised $53 million minority growth capital round, led by global private investment firm Baird Capital. This investment will empower EvoluteIQ to scale its international presence, deepen investments in its Bengaluru R&D Centre, and reinforce its leadership in the rapidly evolving agentic AI–powered automation market across multiple industries.

Founded in 2019 by Sameet Gupte, Sanjay Koppikar, Deepak Kinger, Arun Hiremath, and Naveen Prabhu, EvoluteIQ is redefining the automation of complex business processes through its flagship EIQ platform. Underpinned by its proprietary Agentic Mesh Architecture (aMa) and AI Workbench, the platform orchestrates end-to-end business workflows, delivering measurable outcomes in Banking and Financial Services, Insurance, Healthcare, Telecommunications, and Manufacturing. By enabling enterprises to move beyond fragmented AI tools, EIQ establishes a new standard for autonomous, resilient, and future-ready systems.

India continues to serve as the central hub of EvoluteIQ’s growth, hosting its largest R&D centre in Bengaluru. The new funding will support significant expansion, including hiring top talent and accelerating the development of next-generation AI technologies. “India has been instrumental in our journey, providing the technological backbone for our global success,” said Sameet Gupte, Co-Founder & Chief Executive of EvoluteIQ. “Partnering with Baird Capital marks a pivotal moment for EvoluteIQ as we transition from reactive automation to proactive, intelligent orchestration. Baird Capital’s expertise in scaling technology companies and global resources will accelerate our mission of driving transformative, outcome-driven agentic AI solutions.”

EvoluteIQ’s innovation has received widespread industry recognition, including Gartner recognition in the BOAT (Business Orchestration and Automation Technologies) market segment, the Gartner MQ 2025 for Robotic Process Automation, Everest PEAK Matrix for Low-Code Platforms as a “Major Contender,” Everest Group’s ‘Innovation Watch’ for Agentic AI Products, Celent report on Generative AI in Insurance, Everest Group’s Agentic AI in HR study, and IDC report on Unified and Agentic AI Platforms in Asia.