EvoluteIQ has raised US$53 million in a minority growth round led by Baird Capital.

The company, which has its largest R&D center in Bengaluru and focuses on AI-driven automation for enterprises, said the funds will support international expansion and add to its India-based R&D team.

Baird Capital’s Daina Spedding and Mark Donnelly will join EvoluteIQ’s board.

EvoluteIQ offers an automation platform used by clients in banking, insurance, healthcare, telecom, and manufacturing.

EvoluteIQ was founded in 2019 by Sameet Gupte, Sanjay Koppikar, Deepak Kinger, Arun Hiremath, and Naveen Prabhu.

🔗 Source: EvoluteIQ