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EvoluteIQ

Category: AI Agents

EvoluteIQ provides an AI-native, end-to-end automation platform that enables enterprises to design, deploy, and scale intelligent business processes. EvoluteIQ was founded in 2019. The company is led by Sameet Gupte. Based in Stockholm, Sweden. Team size: 51-200. Total funding raised: $73 million. Latest round: Growth Capital Round. Key investors include ["Round2 Capital","Nordea Growth Fund","DCAP Select","PH Ventures","Confidus Venture Capital"].

Founded
2019
Headquarters
Stockholm, Sweden
Team size
51-200
Total funding
$73 million

Value proposition

To democratize digital transformation by providing a unified, low-code platform that boosts efficiency, reduces operational costs, and enables proactive, intelligent process orchestration.

Products and solutions

["EIQ Platform: An integrated platform for hyperautomation featuring low-code/no-code development.","GenIQ™ Framework: A generative AI framework that powers the platform's agentic automation capabilities.","Agentic Mesh Architecture {aMa}: The underlying architecture that enables processes to self-manage and improve."]

Unique value

EvoluteIQ's uniqueness lies in its AI-native, end-to-end approach to automation. Unlike fragmented tools, its EIQ platform is built on an Agentic Mesh Architecture {aMa} that allows business processes to think, act, and continuously improve autonomously.

Target customer

Large enterprises and Fortune 500 companies seeking to automate complex, end-to-end business processes.

Industries served

["Banking and Financial Services","Insurance","Healthcare","Telecom and Media","Utilities"]

Technology advantage

The primary advantage is the unified EIQ platform that combines multiple technologies (AI, ML, RPA, iBPMS) into a single low-code solution. This simplifies development, accelerates deployment, and enables more resilient and intelligent automation, shifting from reactive task automation to proactive, end-to-end process orchestration.

How they differentiate

EvoluteIQ differentiates itself by offering an AI-native, end-to-end automation platform focused on 'agentic automation'. Unlike traditional RPA tools that automate discrete tasks, EvoluteIQ's platform is designed to orchestrate and automate entire complex business processes, enabling them to self-manage and continuously improve.

Main competitors

["Automation Anywhere","UiPath","Appian"]

Key partnerships

["WNS","The DDC Group","Apexon","Zinnov (for research and whitepapers)"]

Notable customers

["Orange Business"]

Major milestones

["Secured a $53 million growth capital round to scale its agentic automation technology and expand globally.","Recognized with a Silver Stevie® Award in the No-Code/Low-Code Platform category."]

Growth metrics

The company has experienced consistent growth in annual recurring revenue (ARR), though specific figures are not publicly disclosed.

Market positioning

EvoluteIQ is positioned in the hyperautomation and intelligent business automation market. It targets enterprises looking for a comprehensive, low-code/no-code solution that integrates various technologies like AI, ML, and RPA to achieve scalable and resilient digital transformation.

Geographic focus

While headquartered in Stockholm, Sweden, and London, UK, with a strong initial presence in Europe, EvoluteIQ is focused on global expansion. Its latest funding round is aimed at accelerating growth in North America and the Asia-Pacific (APAC) region.

Patents and IP

Information not publicly available.

About Sameet Gupte

Sameet Gupte has an extensive background in the technology services industry. Prior to co-founding EvoluteIQ, he served as the Group CEO of Servion (a Cisco Portfolio Company) and its group companies Innoveo AG and Acqueon Inc. Earlier, he was Executive Vice President and Managing Director for Global Financial Services and Europe at Virtusa, and held leadership positions at Wipro Technologies.

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