EvoluteIQ secures USD 20 million in funding led by Round2 Capital to enhance its AI-powered business automation platform and expand its global presence.
Information on the Target
EvoluteIQ, a leader in AI-powered end-to-end automation, has announced a significant investment of USD 20 million in equity and debt, led by Round2 Capital with contributions from Nordea Growth Fund, DCAP Select, and PH Ventures. This funding is earmarked for the enhancement of EvoluteIQ's intelligent business automation platform and its global expansion. The company has demonstrated robust growth in key industries such as Healthcare, BFSI, and Insurance, with notable traction in Fortune 500 organizations.
The EIQ platform has gained rapid market acceptance, showcasing consistent organic growth in annual recurring revenue (ARR) over the past years. With a commitment to delivering innovative, scalable solutions, EvoluteIQ aims to drive substantial enterprise transformation through automation.
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Industry Overview in the Target’s Specific Country
The AI-driven business automation sector is witnessing unprecedented growth, particularly in Europe, as enterprises seek to optimize operations while minimizing complexities. As companies navigate the complexities of di
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Disclosed details
Transaction Size: $20M