Enterprise automation leader EvoluteIQ has raised $53 million in a minority growth funding round led by Baird Capital, underscoring the rising demand for AI-driven business process automation. The fresh capital will fuel international expansion and strengthen research and development (R&D) efforts as the company advances its vision of AI-led enterprise transformation.

India remains central to EvoluteIQ’s growth journey, with its largest R&D hub in Bengaluru. The new funding will support expansion of Indian operations, including talent acquisition to accelerate the development of next-generation automation platforms.

“India has been instrumental in our journey, providing the backbone of innovation for our global success,” said Sameet Gupte, Co-founder and CEO of EvoluteIQ. He highlighted that the emergence of agentic AI, a shift from reactive automation to proactive, intelligent orchestration, represents the future of enterprise transformation.

Baird Capital expressed strong confidence in EvoluteIQ’s ability to reshape automation. “EvoluteIQ has earned its place alongside automation trailblazers, addressing a critical AI need across enterprises,” noted Daina Spedding, Director at Baird Capital.

Founded in 2019, EvoluteIQ serves Fortune 500 enterprises across banking, healthcare, telecom, and manufacturing, helping them build autonomous, resilient, and future-ready systems that drive sustainable growth.