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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for intelligent business automation with AI integration.
Tool for creating and managing automation workflows.
Unlock access to complete
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 Total Funding
- Total Rounds 5
- Last Round Series B — $53.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2025 | Amount | Series B - EvoluteIQ | Valuation | Baird Capital |
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| Oct, 2024 | Amount | Series A - EvoluteIQ | Valuation | Round2 Capital Partners | |
| Oct, 2024 | Amount | Debt – Conventional - EvoluteIQ | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Revenue-based investments are managed by this private debt fund.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by EvoluteIQ
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - EvoluteIQ
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Evoluteiq Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Cloud-based IT asset and service management software is offered.
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| domain | founded_year | HQ Location |
An AI-based platform for robotic process automation is provided.
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| domain | founded_year | HQ Location |
Cloud-based platform for cognitive automation
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| domain | founded_year | HQ Location |
AI agent platform for enterprise task automation is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Evoluteiq
Frequently Asked Questions about EvoluteIQ
When was EvoluteIQ founded?
EvoluteIQ was founded in 2019.
Where is EvoluteIQ located?
EvoluteIQ is headquartered in Stockholm, Sweden.
Who is the current CEO of EvoluteIQ?
Saneet Gupte is the current CEO of EvoluteIQ. They have also founded this company.
Is EvoluteIQ a funded company?
EvoluteIQ is a funded company, having raised a total of $73M across 5 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Jul 31, 2019.
How many employees does EvoluteIQ have?
As of Mar 29, 2024, the latest employee count at EvoluteIQ is 64.
What is the annual revenue of EvoluteIQ?
Annual revenue of EvoluteIQ is $1.81M as on Mar 31, 2023.
What does EvoluteIQ do?
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.
Who are the top competitors of EvoluteIQ?
EvoluteIQ's top competitors include UiPath, HyperScience and Ivanti.
What products or services does EvoluteIQ offer?
EvoluteIQ offers EIQ Platform and Automation Studio.
Who are EvoluteIQ's investors?
EvoluteIQ has 6 investors. Key investors include Nordea, Round2 Capital Partners, DCAP Select, Ph-ventures.com, and Confidus Venture Capital.
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