EvoluteIQ, Stockholm’s native AI platform, today announced the completion of a €44 million minority growth capital round to accelerate its global expansion and cement its leadership in enterprise-grade Agentic AI led automation space.
The round was led by Baird Capital.
“We are privileged to partner with Baird Capital for EvoluteIQ’s next phase as a company,” said Sameet Gupte, Co-founder and Chief Executive at EvoluteIQ. “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.”
Founded in 2019, EvoluteIQ aims to transform the automation of complex business process through its platform (EIQ), underpinned by its proprietary Agentic Mesh Architecture {aMa}, and the AI Workbench.
The platform reportedly delivers measurable outcomes across mission-critical operations in banking and financial services, insurance, healthcare, telecommunications, and manufacturing by orchestrating complete end-to-end business workflows instead of the traditional point-solution approach.
Their platform unifies process orchestration, data integration, and GenAI-driven decision-making into one Low-Code/No Code/Pro Code environment to enable end-to-end automation of processes. Designed for complex, regulated enterprises, EIQ reportedly eliminates fragmented toolchains by enabling organisations to design, deploy, and scale AI-enabled, end-to-end business processes at speed, security, and cost efficiency.
EvoluteIQ says their differentiated approach addresses the enterprise market’s most pressing need: moving beyond fragmented AI tools to comprehensive, autonomous business process management.
Supported by Baird Capital’s global platform, EvoluteIQ plans to scale its established business globally, bolstered by new additions to the Board of Directors: Baird Capital’s Daina Spedding and Mark Donnelly.
“The investment demonstrates our excitement for AI and reshaping automation,” said Daina Spedding, Director in Baird Capital’s Global Private Equity team. “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.”