Swedish intelligent automation technology provider EvoluteIQ said it has secured a $20 million investment led by Round2 Capital. The company said it will use the funding to bolster its no-code-low-code automation platform and to enable additional international expansion.
“We are humbled to have the continued support of our investors as we execute on our vision to drive the next wave of enterprise transformation”, said Sameet Gupte, co-founder and CEO of EvoluteIQ. “We remain committed to delivering disruptive, scalable solutions that streamline the automation journey for our clients.”
EvoluteIQ provides automation technology across a range of industries including healthcare, banking and financial services, energy, telecommunications and retail. The investment is part equity, part debt financing and additional participants include DCAP Select, Nordea Growth Fund and PH Ventures.