About EvoluteIQ
EvoluteIQ is a company based in Stockholm (Sweden) founded in 2019 by Arun Hiremath, Naveen Prabhu, Deepak Kinger, Sanjay Koppikar, and Saneet Gupte. EvoluteIQ has raised $73 million across 5 funding rounds from investors including Nordea, Round2 Capital Partners and DCAP Select. The company has 64 employees as of March 29, 2024. EvoluteIQ offers products and services including EIQ Platform and Automation Studio. EvoluteIQ operates in a competitive market with competitors including UiPath, HyperScience, Ivanti, Automation Anywhere and Blue Prism, among others.
- Headquarter Stockholm, Sweden
- Employees 64 as on 29 Mar, 2024
- Founders Arun Hiremath, Naveen Prabhu, Deepak Kinger, Sanjay Koppikar, Saneet Gupte
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Evoluteiq Solutions Private Limited
- Date of Incorporation 28 Aug, 2019
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$1.81 M (USD)38.68as on Mar 31, 2023
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Net Profit
$195.63 K (USD)41.92as on Mar 31, 2023
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EBITDA
$258.62 K (USD)44.48as on Mar 31, 2023
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Total Equity Funding
$73 M (USD)
in 5 rounds
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Latest Funding Round
$53 M (USD), Series B
Sep 17, 2025
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Investors
Nordea
& 5 more
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Employee Count
64
as on Mar 29, 2024
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Products & Services of EvoluteIQ
EvoluteIQ offers a comprehensive portfolio of products and services, including EIQ Platform and Automation Studio.
Platform for intelligent business automation with AI integration.
Tool for creating and managing automation workflows.
People of EvoluteIQ
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Funding Insights of EvoluteIQ
EvoluteIQ has successfully raised a total of $73M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $53 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in EvoluteIQ
EvoluteIQ has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Nordea, Round2 Capital Partners and DCAP Select.
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Investor details for EvoluteIQ
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Investments & Acquisitions by EvoluteIQ
Investment portfolio details for EvoluteIQ
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Financial Statements - EvoluteIQ
Detailed financials for EvoluteIQ
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Evoluteiq Comparisons
Peer comparison for EvoluteIQ
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Competitors of EvoluteIQ
EvoluteIQ operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as UiPath, HyperScience, Ivanti, Automation Anywhere and Blue Prism, among others.
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Cloud-based robotic process automation software is developed and provided.
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Document processing is automated through AI-based robotic platforms.
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Cloud-based IT asset and service management software is offered.
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An AI-based platform for robotic process automation is provided.
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Cloud-based platform for cognitive automation
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AI agent platform for enterprise task automation is provided.
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Detailed competitors of EvoluteIQ
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Latest news on Evoluteiq
Complete news archive for EvoluteIQ
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Frequently Asked Questions about EvoluteIQ
EvoluteIQ was founded in 2019.
EvoluteIQ is headquartered in Stockholm, Sweden.
Saneet Gupte is the current CEO of EvoluteIQ. They have also founded this company.
EvoluteIQ is a funded company, having raised a total of $73M across 5 funding rounds to date.
As of Mar 29, 2024, the latest employee count at EvoluteIQ is 64.
Annual revenue of EvoluteIQ is $1.81M as on Mar 31, 2023.
EvoluteIQ was founded in 2019 in Stockholm, Sweden, as a provider of intelligent business automation platforms. Digital transformation is facilitated through unified process orchestration, data and event processing, and generative AI integration. Automation solutions are planned and executed, alongside managed services and digital governance. Process intelligence and alliance management are also offered. Operations focus on streamlining processes across industries using low-code, no-code automation, generative AI, and robotic process automation.
EvoluteIQ's top competitors include UiPath, HyperScience and Ivanti.
EvoluteIQ offers EIQ Platform and Automation Studio.
EvoluteIQ has 6 investors. Key investors include Nordea, Round2 Capital Partners, DCAP Select, Ph-ventures.com, and Confidus Venture Capital.