About EvoluteIQ
EvoluteIQ is a Technology company based in Stockholm (Sweden) founded in 2019 by Arun Hiremath, Naveen Prabhu, Deepak Kinger, Sanjay Koppikar, and Saneet Gupte. Low-code and no-code platform for intelligent business automation is provided. EvoluteIQ has raised $73 million across 5 funding rounds from investors including Nordea, Round2 Capital Partners and DCAP Select. The company has 64 employees. Its chief executive, as recorded, is Saneet Gupte. Its Indian entity Evoluteiq Solutions Private Limited reported revenue of ₹20.73 Cr. EvoluteIQ offers products and services including EIQ Platform and Automation Studio. Its focus areas include Enterprise Applications, Robotic Process Automation, Cognitive Automation and Multi-Industry.
Company details
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.
- Headquarters Stockholm, Sweden
- Employees 64
- Founders Arun Hiremath, Naveen Prabhu, Deepak Kinger, Sanjay Koppikar, Saneet Gupte
- SectorsTechnology
- Email••••••••
- Website evoluteiq.com
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Evoluteiq Solutions Private Limited
- Date of Incorporation 28 Aug, 2019
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹20.73 Cr
FY 2024 · +37% YoY
- Indian entity net profit₹1.30 Cr
FY 2024 · 6% margin
- Indian entity EBITDA₹2.11 Cr
FY 2024 · 10% margin
- Total Equity Funding$73M (USD)
in 5 rounds
- Latest Funding Round$53M (USD), Series B
Sep 2025
- InvestorsNordea
& 5 more
- Employee Count64
Associated legal entities of EvoluteIQ
EvoluteIQ operates through Evoluteiq Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Evoluteiq Solutions Private Limited CIN U72501KA2019PTC127446 | Active | 28 Aug 2019 | Bangalore, Karnataka | ₹20.7 Cr | 64 | 3 | View details |
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.
Apps and channels of EvoluteIQ
its YouTube channel EvoluteIQ - Agentic Automation has 65 subscribers and 22 videos.
Videos from EvoluteIQ
The most watched videos on EvoluteIQ's YouTube channel, EvoluteIQ - Agentic Automation (65 subscribers). Click a video to play it here.
More on EvoluteIQ - Agentic Automation.
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.
- Total Funding $73M
- Total Rounds 5
- Last Round Series B — $53M
- Investors Count 6
All 5 funding rounds of EvoluteIQ with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2025 | $53M | Series B | – | Baird Capital | – |
| Oct 2024 | $20M | Series A | – | Round2 Capital Partners | |
| Oct 2024 | Debt – Conventional | – | – | ||
| Oct 2021 | Series A | – | Round2 Capital Partners | – | |
| Jul 2019 | Series A | – | Confidus Venture Capital | – |
6 investors in total: 6 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Revenue-based investments are managed by this private debt fund. | 2015 | round2cap.com | Vienna, Austria | |
| ph-ventures.com | ||||
| confidus.com | ||||
Global private equity and venture capital investments in B2B Tech & Services companies. | bairdcapital.com | |||
Nordea is recognized as a leading Nordic universal bank. | 1820 | nordea.com | Stockholm, Sweden | |
Investor details for EvoluteIQ
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Evoluteiq Solutions Private Limited (EvoluteIQ)
Evoluteiq Solutions Private Limited is the primary company behind EvoluteIQ. The board of Evoluteiq Solutions Private Limited currently have 3 directors; the longest-serving is Deepak Atmaram Kinger, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Deepak Atmaram Kinger DIN 08508202 | Director | 28 Aug 2019 | 7 yrs 2 mo | Evoluteiq Solutions Private Limited |
| Shreenatha Narayana Mysore DIN 08150544 | Director | 28 Aug 2019 | 7 yrs 2 mo | Evoluteiq Solutions Private Limited |
| Sanjay Suresh Koppikar DIN 02429460 | Director | 03 Sep 2024 | 2 yrs 2 mo | Evoluteiq Solutions Private Limited |
People of EvoluteIQ
24 people are tracked at EvoluteIQ (10 in leadership, 14 in team); the tracked headcount is 64.
| Name | Role | Group |
|---|---|---|
Arun Hiremath | Co-Founder & CBO | Leadership |
Naveen Prabhu | Co-Founder | Leadership |
| Co-Founder & Chief Strategy Officer | Leadership | |
| Co-Founder & CPO | Leadership | |
Saneet Gupte | Co-Founder & CEO | Leadership |
Sameet Gupte | Co-founder & Chief Executive Officer | Leadership |
Arun Suraj | Chief Customer Officer | Leadership |
Nikhil Sharma | Vice President Of Technology | Leadership |
Pallav Sharma | Senior Vice President Finance | Leadership |
Murali Sathya | Vice President Of Strategic Alliances & Partnerships | Leadership |
Rashmi Joshi | Program Manager | Team |
varun CS | Senior Software Engineer | Team |
Ravi Kumar Yadav | Module Technical Lead | Team |
Pramod P | Senior Software Engineer | Team |
Karthik M | Associate Customer Success Manager(BA & PM) | Team |
Akshay Bharadwaj | Principal Software Engineer | Team |
Kiran Kumar | Module Lead | Team |
Komal Nagarajan | Associate Program Manager | Team |
Adhya Subhramanyam | Senior Project Manager | Team |
Akshay Bhat | Associate Solution Consultant | Team |
4 more people are available in the full profile.
Complete people profiles for EvoluteIQ
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of EvoluteIQ
Figures of Evoluteiq Solutions Private Limited, the primary company behind EvoluteIQ, for FY 2024. Revenue was ₹20.73 Cr (+37% year on year). Net profit was ₹1.30 Cr (6% margin). EBITDA was ₹2.11 Cr (10% margin). Revenue has grown at a compounded annual rate of +101% over three years.
- ₹20.73 CrRevenue · FY 2024 · +37% YoY
- ₹1.30 CrNet profit · 6% margin
- ₹2.11 CrEBITDA · 10% margin
- ₹20,410Paid-up capital
- 64Employees (provident fund records)
- +101%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Evoluteiq Solutions Private Limited are on its company page.
Detailed financial statements for EvoluteIQ
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of EvoluteIQ
3 dated milestones of EvoluteIQ across 6 years, from founding to its latest funding, stage changes and deals.
- Founded EvoluteIQ is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $53.0M.
Web traffic of EvoluteIQ
The website of EvoluteIQ (evoluteiq.com) receives about 5.6K visits a month.
- Monthly visits5.6K
▼ 9.7% vs previous month
Websites whose visitors overlap most with EvoluteIQ. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
forumofregulators.gov.in | forumofregulators.gov.in | 100% | #4,992,014 | – |
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Related news about 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 CEO of EvoluteIQ, as recorded in our data. They have also founded this company.
EvoluteIQ is a funded company, having raised a total of $73M across 5 funding rounds to date.
EvoluteIQ has 64 employees.
The primary company behind EvoluteIQ, Evoluteiq Solutions Private Limited, reported revenue of ₹20.73 Cr for FY 2024, up 37% year on year.
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 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.
EvoluteIQ operates through Evoluteiq Solutions Private Limited.
The legal entities of EvoluteIQ currently have 3 directors, including Deepak Atmaram Kinger, Sanjay Suresh Koppikar, Shreenatha Narayana Mysore.