AI company EvoluteIQ secures $53 million investment, mainly from Baird Capital, to expand its proactive AI platform.
EvoluteIQ, a leading AI platform designed for complex, regulated organisations, has secured $53 million in minority growth capital from Baird Capital. This funding will strengthen EvoluteIQ's position in the enterprise-grade agentic AI-driven automation market.
Based in 101 N Brand Blvd, Suite 1200, Glendale, California, USA, EvoluteIQ was founded in 2019 and specialises in developing the EIQ platform for automating complex business processes. The EIQ platform is built on its Agentic Mesh Architecture (aMa) and an AI Workbench, allowing it to orchestrate end-to-end workflows across various sectors, including banking, financial services, insurance, healthcare, telecommunications, and manufacturing.
Some Fortune 500 enterprises already utilise the EIQ platform to automate workflows and improve operational resilience.
Sameet Gupte, Co-founder and Chief Executive at EvoluteIQ, emphasises the shift from reactive automation to proactive, intelligent orchestration in the Agentic AI market. The AI-native platform unifies processor orchestration, data integration, and generative-AI-assisted decisioning in a single Low-Code/No-Code/Pro-Code environment.
The funding will be used to accelerate global expansion and drive transformative growth through outcome-driven agentic models. Baird Capital's expertise in scaling technology companies, network, and global resources will aid EvoluteIQ in this endeavour.
Two representatives from Baird Capital, Daina Spedding and Mark Donnelly, will join the EvoluteIQ Board of Directors. This partnership is expected to bring valuable insights and guidance as EvoluteIQ continues to innovate and lead in the enterprise-grade agentic AI automation space.
With this investment, EvoluteIQ is poised to further its mission of providing businesses with the tools they need to automate complex processes with greater speed, security, and cost efficiency.
