Stockholm-based EvoluteIQ completed a growth capital round to support its global expansion in AI-led enterprise automation.

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Stockholm-based EvoluteIQ, a native AI platform serving global Fortune 500 clients, announced the completion of a $53M (nearly €44.73M) minority growth capital round led by Baird Capital.

The investment will support the company’s global expansion and its development in the enterprise agentic AI-led automation space.

Simplifying enterprise automation end-to-end

Every enterprise runs on processes. From receiving inputs to delivering outputs, the core of an organisation is in how its processes function. As businesses grew, processes became fragmented, spread across bots, separate systems, and AI tools that didn’t fully connect. Enterprises spent more time fixing integrations than moving work forward. Automation focused on managing tasks rather than overseeing complete operations.

EvoluteIQ approached this challenge by building a platform that treats processes as complete systems rather than disconnected parts. 

It brings together process orchestration, data integration, and AI-driven decision-making in a single environment that supports Low-Code, No-Code, and Pro-Code approaches. This structure allows enterprises to design, deploy, and scale AI-enabled processes across their organisations.

Founded in 2019 by Sameet Gupte, Sanjay Koppikar, Deepak Kinger and Arun Hiremath, EvoluteIQ transforms how businesses manage their workflows.

The platform uses its Agentic Mesh Architecture (aMa) and the AI Workbench to coordinate full business operations. It allows enterprises in banking, insurance, healthcare, telecommunications, and manufacturing to run entire processes rather than isolated solutions.

By doing so, it helps enterprises move from fragmented AI and automation tools to fully autonomous processes. Systems can run on their own, adapt as needed, and support ongoing business goals, allowing operations to continue without constant supervision and supporting growth.

Capital utilisation

With support from Baird Capital’s global platform, EvoluteIQ plans to expand its business internationally. As part of this partnership, Baird Capital’s Daina Spedding and Mark Donnelly will join the EvoluteIQ Board of Directors.

Daina Spedding, Director in Baird Capital’s Global Private Equity team, says, “The investment demonstrates our excitement for AI and reshaping automation. EvoluteIQ has earned its place alongside other automation trailblazers, bringing deep expertise and addressing a critical AI need across the enterprises it serves.”

“We are delighted to welcome EvoluteIQ into Baird Capital’s portfolio, and we look forward to working with the team to grow the business.” 

Sameet Gupte, co-founder and Chief Executive at EvoluteIQ, adds, “We are privileged to partner with Baird Capital for EvoluteIQ’s next phase as a company. 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.”

Brief about Baird Capital

Baird Capital manages two investment platforms: Global Private Equity and US Venture Capital. It invests in B2B technology and services companies in North America and the UK. 

The firm works with entrepreneurs and uses its executive networks to support portfolio companies, providing operational guidance, a portfolio operations team, and access to relationships to increase shareholder value.

Baird Capital is the direct private investment arm of Robert W. Baird & Co. Baird Capital Partners Europe Limited is authorised and regulated by the Financial Conduct Authority.