Vienna, 29th October 2024 – EvoluteIQ has proudly announced a significant investment of USD 20 million, encompassing both equity and debt, led by the esteemed Round2 Capital. This substantial funding round also saw participation from notable investors like Nordea Growth Fund, DCAP Select, and PH Ventures. The primary objective of this financial backing is to bolster the global expansion of EvoluteIQ's intelligent business automation platform. With the funds in place, EvoluteIQ is poised to enhance its AI automation capabilities and further its reach across international markets, solidifying its position as a leader in the space.
EvoluteIQ has demonstrated impressive growth over the past few years, witnessing a marked increase in its customer base across pivotal industries including Healthcare, Banking, Financial Services (BFS), and Insurance.
The company has observed a rapid uptake of its EIQ platform among Fortune 500 organizations worldwide, which has corresponded with a robust and consistent organic growth in Annual Recurring Revenue (ARR). “EvoluteIQ has consistently proven its ability to deliver tangible value to enterprises through its robust automation platform,” remarked Christian Czernich, Co-Founder and CEO of Round2 Capital. He further expressed enthusiasm for supporting EvoluteIQ in their quest to innovate within AI and automation sectors, aimed at achieving exceptional outcomes for their diverse global clientele.
Sameet Gupte, Co-Founder and CEO of EvoluteIQ, emphasized the importance of the continued support from their investors as they strive to fulfill their vision of driving transformative changes within enterprises. He stated, “We remain committed to delivering disruptive, scalable solutions that streamline the automation journey for our clients.” With a reputation for being a trailblazer in end-to-end automation, EvoluteIQ offers an all-encompassing solution that not only increases productivity but also simplifies operational processes, thereby facilitating a seamless transition into digital transformation. As the AI revolution continues to reshape industries globally, EvoluteIQ stands at the forefront, empowered to help organizations navigate the complexities of automation with ease and efficiency.
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