HomeSwedenEvoluteIQ Raises $20M In Funding

EvoluteIQ Raises $20M In Funding

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EvoluteIQ

EvoluteIQ, a Stockholm, Sweden-based AI-powered end-2-end automation company, raised $20M in funding.

The round was led by Round2 Capital, with participation from Nordea Growth Fund, DCAP Select and PH ventures.

The company intends to use the funds to support its plan to enhance its AI automation platform and expand operations globally.

Led by CEO Sameet Gupt, EvoluteIQ is a leader in AI-powered end-2-end automation, offering a low-code/no-code platform that combines generative AI, intelligent data and event processing, process automation, RPA, web/mobile application development and built-in connectors to simplify and accelerate enterprise digital transformation helping organizations optimize workflows, reduce operational costs, and drive scalability across industries.

The company has experienced strong momentum in the market, growing its customer base across key industries such as Healthcare, BFSI & Insurance.

FinSMEs

29/10/2024

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