September 17, 2025: EvoluteIQ, an AI-driven business automation platform, has raised $53 million in its latest funding round, led by global private investment firm Baird Capital. The company, which was founded in 2019, plans to use the capital for global expansion, continued research and development, and strategic acquisitions.
The firm, known for its innovative Agentic Mesh Architecture and AI Workbench, provides end-to-end automation solutions for complex business processes. The EIQ platform, which is deployed by Fortune 500 companies, is designed to optimize workflows in diverse sectors, including banking, financial services, insurance, healthcare, telecommunications, and manufacturing.
The funding comes as a significant endorsement of EvoluteIQ’s business model and technology. “This investment demonstrates that strong technology, a robust go-to-market strategy, and a solid business model will always attract good investors, even in a rapidly changing AI landscape,” said Sameet Gupte, CEO and co-founder of EvoluteIQ.
The platform’s unique value proposition lies in its ability to automate entire business processes, unlike competitors that focus solely on specific elements such as workflow automation, RPA, or data extraction. Gupte emphasized, “Our Agentic Mesh Architecture is built to solve entire processes, not just parts of them. It’s designed to learn, self-correct, and automate end-to-end workflows.”
EvoluteIQ Expansion Plans Focused on Key Markets
EvoluteIQ has witnessed substantial growth in its U.S. and U.K. operations, with healthcare and insurance emerging as high-demand sectors. The company’s primary R&D center in Bengaluru, India, will continue to play a pivotal role in driving future innovations. The company also plans to expand its operations in the U.S. and recruit talent in sales, marketing, and technology.
“We’ve seen tremendous growth in the last few quarters, particularly in the U.S. and U.K. healthcare and insurance markets,” Gupte added. “India is also heating up with the rise of GCCs, making it another key market we’ll focus on moving forward.”
In addition to scaling its core business, the AI-powered Agentic Automation platform plans to evaluate strategic mergers and acquisitions to enhance its technology or expand its footprint in key geographies, including the U.S., U.K., and Europe.
Strategic M&A on the Horizon
While the company is actively exploring potential acquisitions, Gupte stressed that any future deals would be highly targeted. “Our focus will remain on organic growth, but we’ll consider acquisitions that complement our technology or help us expand in specific markets or sectors,” he said.
The firm is currently seeing its business split between regions, with approximately 60-65% of revenue generated in the U.S., 25-30% in Europe, and the rest from Asia and India.
Hiring Plans and Competitive Landscape
With a workforce of around 125 people, 80-85% of whom are based in India, the AI automation firm is poised to expand its team, especially in sales and marketing, as well as in technology roles. Additionally, the company plans to increase its presence in supporting functions like finance and accounting.
The business automation sector remains highly competitive, with several new players emerging alongside established giants like ServiceNow. Gupte notes, “We’re seeing the rise of a new generation of companies with fresh architectures, which is making the competitive landscape more dynamic. However, we believe our end-to-end AI-led automation sets us apart.”
