Breaking News
EvoluteIQ Secures $53m Growth Investment Led by Baird Capital to Accelerate Global Expansion of Its Agentic AI Platform
EvoluteIQ, a native AI platform with global Fortune 500 customers, today announced the completion of a $53 million minority growth capital round led by Baird Capital. This strategic investment positions the company to accelerate its global expansion and cement its leadership in enterprise-grade agentic AI led automation space.
Founded in 2019, EvoluteIQ redefines automation of complex business process through its breakthrough platform (EIQ), underpinned by its proprietary Agentic Mesh Architecture {aMa}, and the AI Workbench. The platform delivers measurable outcomes across mission-critical operations in banking and financial services, insurance, healthcare, telecommunications, and manufacturing by orchestrating complete end-to-end business workflows instead of the traditional point-solution approach.
EvoluteIQ’s differentiated approach addresses the enterprise market’s most pressing need: moving beyond fragmented AI tools to comprehensive, autonomous business process management. The EIQ platform sets the standard for agentic automation, enabling Fortune 500 enterprises to build autonomous, resilient, and future-ready systems that drive lasting growth.
Supported by Baird Capital’s global platform, EvoluteIQ plans to scale its established business globally. Baird Capital’s Daina Spedding and Mark Donnelly will join the EvoluteIQ Board of Directors.
“The investment demonstrates our excitement for AI and reshaping automation,” said Daina Spedding, Director in Baird Capital’s Global Private Equity team. “EvoluteIQ has earned its place alongside other automation trailblazers, bringing deep expertise and addressing a critical AI need across the enterprises they serve. We are delighted to welcome EvoluteIQ into Baird Capital’s portfolio, and we look forward to working with the team to grow the business.”
“We are privileged to partner with Baird Capital for EvoluteIQ’s next phase as a company,” said Sameet Gupte, Co-Founder and Chief Executive at EvoluteIQ. “The Agentic AI market represents a fundamental shift from reactive automation to proactive, intelligent orchestration. Baird Capital’s expertise in scaling technology companies, network, and global resources will help us accelerate our journey as we focus on driving transformative growth through outcome driven agentic models.”
Baird Capital was advised by Eversheds Sutherland (Legal), Zinnov (Commercial Diligence), Azets (Financial Diligence), BDO (Tax Diligence), Seedcloud (Technology), Confidas (Management), Canaccord Genuity (Corporate Finance), Arete (Sales Diligence), and WTW (Insurance).
- Rush Street Interactive Launches Industry’s First Integrated Payments Debit Solution at BetRivers, in Partnership with Sightline Payments Read more
- Tembo Hires Alexander Snapes as Head of CRM Read more
- Compass Plus Technologies Unveils FraudAxis: AI-powered, Real-time Fraud Management Solution for Financial Institutions Read more
- MongoDB Launches AI-Powered Application Modernization Platform to Reduce Technical Debt and Speed Innovation Read more
- EvoluteIQ Secures $53m Growth Investment Led by Baird Capital to Accelerate Global Expansion of Its Agentic AI Platform Read more
EvoluteIQ Secures $53m Growth Investment Led by Baird Capital to Accelerate Global Expansion of Its Agentic AI Platform
EvoluteIQ, a native AI platform with global Fortune 500 customers, today announced the completion of a $53 million minority growth capital round led by Baird Capital. This strategic investment positions the company to accelerate its global expansion and cement its leadership in enterprise-grade agentic AI led automation space.
Stripe Alumni Launch Challenge to Business Banks With AI-Powered Financial Home for Startups
Seapoint, the financial home for European startups, has raised $3M in pre-seed funding
Eagl Raises €825K to Automate Month-End Close With AI Agents for Inhouse Finance Teams
Eagl has raised €825,000 in funding to expand its engineering team and accelerate development of its AI-native financial agentic platform
Splash Financial Raises More Than $70 Million in Series C Round
Splash Financial ("Splash"), a leading AI-enabled lending marketplace, today announced it has secured more than $70 million in a Series C funding round and launched a new home equity line of credit (HELOC) product.
Over Half of Brits Lack Retirement Confidence as Cost-of-living Bites
New research from PensionBee, a leader in the consumer retirement market, reveals that September is a pinch point for household budgets, with rising bills leading many to reconsider their long-term savings.
Afreximbank’s Africa Research and Innovation Hub (ARIH) Seeks to Unlock US$70 Billion Annual Economic Gains for Africa
The African Research and Innovation Hub (ARIH) that was recently launched by African Export-Import Bank (Afreximbank) (www.Afreximbank.com) is seeking to unlock up to US$70 billion annually in economic gains for Africa by boosting innovation-driven sustainable growth.
The West African Development Bank (BOAD) Officially Joins the Global Alliance Against Hunger and Poverty
The West African Development Bank (BOAD) (www.BOAD.org) is pleased to announce its official membership in the Global Alliance Against Hunger and Poverty. This initiative, spearheaded by the Brazilian Presidency of the G20, seeks to eradicate hunger and poverty (SDGs 1 & 2) and reduce inequalities (SDG 10) by supporting low-income countries.
Rush Street Interactive Launches Industry’s First Integrated Payments Debit Solution at BetRivers, in Partnership with Sightline Payments
Sightline Payments® and Rush Street Interactive (NYSE: RSI) (“RSI”) today announced the launch of the gaming industry’s first integrated debit payments solution, debuting on the RSI’s BetRivers® platform.
Tembo Hires Alexander Snapes as Head of CRM
Tembo, the award-winning savings and mortgage platform, has hired Alexander Snapes as its new Head of Customer Relationship Marketing (CRM). Snapes brings more than a decade of eCommerce and digital marketing experience to the role. He joins from Bark, the UK’s largest and fastest-growing services marketplace, where he spent nearly four years as Head of CRM, leading customer engagement and retention strategies during a period of rapid growth.
Compass Plus Technologies Unveils FraudAxis: AI-powered, Real-time Fraud Management Solution for Financial Institutions
Compass Plus Technologies, a global provider of retail banking and payments software, today announced the launch of FraudAxis, its next-generation fraud management platform designed to help financial institutions detect, prevent, and predict fraud in real time across all payment channels.
MongoDB Launches AI-Powered Application Modernization Platform to Reduce Technical Debt and Speed Innovation
MongoDB, Inc. (NASDAQ: MDB) today announced the launch of MongoDB AMP, an AI-powered Application Modernization Platform that helps enterprises quickly transform legacy applications into modern, scalable services.
EvoluteIQ Secures $53m Growth Investment Led by Baird Capital to Accelerate Global Expansion of Its Agentic AI Platform
EvoluteIQ, a native AI platform with global Fortune 500 customers, today announced the completion of a $53 million minority growth capital round led by Baird Capital. This strategic investment positions the company to accelerate its global expansion and cement its leadership in enterprise-grade agentic AI led automation space.
Qover and Helvetia Announce Multi-product Partnership for Embedded Insurance Solutions
Qover, a leading insurtech company driven by a vision of creating a global safety net through insurance, and Swiss insurer Helvetia announce an in-depth collaboration that strengthens their partnership and expands their joint capabilities across multiple insurance product lines and markets.
FNZ and AJ Bell Extend Long-Term Partnership with New 10-Year Agreement
FNZ, the global wealth management platform, and AJ Bell, one of the UK’s leading investment platforms, today announced a new 10-year agreement, further strengthening their successful partnership that has been in place since 2009.