EvoluteIQ Secures USD 20 Mn in Funding Led by Round2 Capital to Enhance AI-Powered Automation Platform The investment will drive enhancements to EvoluteIQ's automation platform and support its ambitious global expansion plans.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Sameet Gupte, Co-founder and CEO of EvoluteIQ

EvoluteIQ, an AI-powered business automation platform, has raised USD 20 million in a funding round combining equity and debt, led by Round2 Capital, with contributions from Nordea Growth Fund, DCAP Select, and PH Ventures.

The investment will drive enhancements to EvoluteIQ's automation platform and support its ambitious global expansion plans, according to the company.

"EvoluteIQ has consistently proven its ability to deliver tangible value to enterprises through its robust automation platform," noted Christian Czernich, Co-founder and CEO at Round2Capital. "We are excited to support EvoluteIQ as they continue to push boundaries in AI and automation and drive exceptional outcomes for their global customer base."

Founded in 2019 by Sameet Gupte, EvoluteIQ offers a low-code/no-code AI platform integrating generative AI, intelligent data processing, process automation, robotic process automation (RPA), and application development. This combination helps enterprises streamline complex workflows, reduce operational costs, and accelerate digital transformation without requiring extensive technical expertise.

"We are humbled to have the continued support of our investors as we execute on our vision to drive the next wave of enterprise transformation," Gupte, Co-founder and CEO of EvoluteIQ shared.

EvoluteIQ's platform has gained traction across multiple industries, including healthcare, banking, and insurance, with its EIQ platform adopted by Fortune 500 companies. This traction has fueled consistent growth in annual recurring revenue (ARR), reinforcing the platform's value in helping organisations achieve scalability and enhanced productivity.

As noted by Hriday Ravindranath, Chief Digital and Information Officer at Orange Business, "The AI revolution is ushering in an unprecedented scale of change across industries worldwide. EvoluteIQ's unwavering commitment to simplifying and automating end-to-end processes positions it uniquely to drive impactful business transformation within accelerated timelines."
Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.

Most Popular

See all
Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

By Eve Gumpel
Leadership

I'm a Leadership Coach — Here's the One Mental Exercise Every CEO Needs to Try When They're Feeling Drained

Here's a simple, powerful exercise to help leaders refill their own "container" and cultivate self-care, resilience and compassion for themselves and others.

By Tugba Yanaz
Marketing

5 Ways ChatGPT Will Impact Digital Marketing

ChatGPT is creating ripples across the digital landscape right now. Here are five ways it can benefit your ads, campaigns and marketing strategies.

By Yasin Altaf
News and Trends

Haircare Brand Arata Raises $4M in Series A Funding Led by Unilever Ventures

The personal care brand competes with established players like WOW Skin Science, Pilgrim, and Mamaearth, in a rapidly growing market. This latest funding round highlights investor confidence in the brand's potential to scale and become a leader in India's haircare industry.

By Entrepreneur Staff
Science & Technology

How Can Marketers Use ChatGPT? Here Are the Top 11 Uses.

With the recent developments in AI and the popularity of ChatGPT, you may want to integrate AI into your marketing practices. Find out how.

By Dan Bova
Science & Technology

This AI is the Key to Unlocking Explosive Sales Growth in 2025

Tired of the hustle? Discover a free, hidden AI from Google that helped me double sales and triple leads in a month. Learn how this tool can analyze campaigns and uncover insights most marketers miss.

By Ben Angel