When was EvoluteIQ founded?

EvoluteIQ was founded in 2019 and raised its 1st funding round within a year of its incorporation.

Where is EvoluteIQ located?

EvoluteIQ is headquartered in Stockholm, Sweden. It is registered at Devonshire House, 60 Goswell Road, London, United Kingdom, EC1M 7AD.

Who is the current CEO of EvoluteIQ?

Saneet Gupte of EvoluteIQ. They have also founded 1 company.

How many employees does EvoluteIQ have?

As of May 31, 2026, the latest employee count at EvoluteIQ is 97.

Is EvoluteIQ a funded company?

EvoluteIQ is a funded company, having raised a total of $73M across 5 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Jul 31, 2019.

How much is EvoluteIQ worth?

The latest valuation of EvoluteIQ is $***** as of Sep 17, 2025.

When was the latest funding round of EvoluteIQ?

EvoluteIQ's latest funding was a $***** Series B round on Sep 17, 2025, with participation from 1 investor.

What is the annual revenue of EvoluteIQ?

Annual revenue of EvoluteIQ is between £10M and £50M as on Dec 31, 2025

Where does EvoluteIQ rank among its competitors?

EvoluteIQ ranks 17th amongst 869 active competitors, of which 78 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was NinjaOne, which secured $400M in Jun, 2026.

Who are the top competitors of EvoluteIQ?

EvoluteIQ's top competitors include ServiceNow, SolarWinds and UiPath. Among them, NinjaOne secured the most recent funding round in June, 2026.

EvoluteIQ - 2026 Company Profile, Team, Funding, Competitors & Financials

EvoluteIQ is a series B company based in Stockholm (Sweden), founded in 2019 by Sanjay Suresh Koppikar and Saneet Gupte. It operates as a Provider of low and no code intelligent business automation platform that enables digital transformation. EvoluteIQ has raised $73M in funding from investors like Round2 Capital Partners, Baird Capital and Confidus Venture Capital, with a current valuation of $*****. The company has 869 active competitors, including 78 funded and 63 that have exited. Its top competitors include companies like ServiceNow, SolarWinds and UiPath.

Company Details

Provider of low and no code intelligent business automation platform that enables digital transformation. It is an intelligent business automation platform that enables digital transformation by unified process orchestration, data and event processing, and generative AI. It enables users to plan and execute automation solutions, managed services, and digital governance management solutions. Other solutions include process intelligence, alliance management, and more. It focuses on streamlining processes across various industries, leveraging technologies such as low code and no code automation, generative AI, and robotic process automation.

Website: evoluteiq.com
Social
Email ID: *****@evoluteiq.com
Registered Address: Devonshire House, 60 Goswell Road, London, United Kingdom, EC1M 7AD

Key Metrics

Founded Year

2019

Location

Stockholm, Sweden

Stage

Series B

Total Funding

$73M in 5 rounds

Latest Funding Round

Series B, Sep 17, 2025, $*****

Post Money Valuation

$***** as on Sep 17, 2025

Investors

Round2 Capital Partners & 5 more

Ranked

17^th among 869 active competitors

Annual Revenue

£10M - £50M as on Dec 31, 2025

Employee Count

97 as on May 31, 2026

Similar Companies

Blue Prism & 1127 more

View EvoluteIQ's full profile

EvoluteIQ is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
EvoluteIQ AB CIN: 559282-4790 , Sweden, Active	Nov 12, 2020	-	-	-
EVOLUTEIQ SOLUTIONS PRIVATE LIMITED CIN: U72501KA2019PTC127446 , India, Active	Aug 28, 2019	₹10 - ₹50 Cr (As on Mar 31, 2025)	97 (As on May 31, 2026)
EVOLUTEIQ LIMITED CIN: 11865494 , United Kingdom, Active	Mar 06, 2019	£10M - £50M (As on Dec 31, 2025)	1 (As on Dec 31, 2025)

EvoluteIQ has raised a total funding of $73M over 5 rounds. Its first funding round was on Jul 31, 2019. Its latest funding round was a Series B round on Sep 17, 2025 for $*****. 1 investor participated in its latest round. EvoluteIQ has 6 institutional investors.

Here is the list of recent funding rounds of EvoluteIQ:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Sep 17, 2025	9172708	Series B	4625619	2310678	5906385	2928030
Oct 29, 2024	1508430	Series A	1403636	9552541	4598701	Nordea & 2 more
Oct 29, 2024	3893631	Conventional Debt	6969985	7136279	6664918	Round2 Capital Partners & 3 more

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View details of EvoluteIQ's funding rounds and investors

The founders of EvoluteIQ are Sanjay Suresh Koppikar and Saneet Gupte. Saneet Gupte is the CEO of EvoluteIQ.

Here are the details of EvoluteIQ's key team members:

Sanjay Suresh Koppikar: Co-Founder & CPO of EvoluteIQ. They serve on the board of 1 company.
Contact Info: 1 email address and 1 phone number
Saneet Gupte: Co-Founder & CEO of EvoluteIQ. They serve on the board of 1 company.

EvoluteIQ's Board of Directors

EvoluteIQ's board has 3 active members. Sanjay Suresh Koppikar and Deepak Atmaram Kinger are part of team and Shreenatha Mysore Narayana is independent board member.

Here is the list of EvoluteIQ's board of directors:

Name	Type	Representing	Status	Duration
Sanjay Suresh Koppikar	Team	-	Current	2y 1m
Deepak Atmaram Kinger	Team	-	Current	7y 1m
Shreenatha Mysore Narayana	Independent board member	-	Current	7y 1m

View details of EvoluteIQ's Founder profiles and Board Members

EvoluteIQ's employee count trend

EvoluteIQ has 97 employees as of May 26. The total employee count is 23.0% more than what it was in May 25. Here is EvoluteIQ's employee count trend over the years:

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Top competitors of EvoluteIQ include ServiceNow, SolarWinds and UiPath. Here is the list of Top 10 competitors of EvoluteIQ, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	ServiceNow 2004, Santa Clara (United States), Public	Cloud based platform offering unified IT management software	$83.7M	JMI Management, Sequoia Capital & 9 others	83/100
2nd	SolarWinds 1999, Austin (United States), Acquired	Provider of IT management, database management, and observability software solutions	$105M	Austin Ventures, ADS Ventures & 12 others	74/100
3rd	UiPath 2005, New York City (United States), Public	Provider of a platform for agentic automation and AI solutions	$1.96B	Alkeon Capital Management, Coatue & 49 others	72/100
4th	BMC Software 1980, Houston (United States), Acquired	Cloud based unified IT management software firm	-	Access Industries, Saratoga Investment & 8 others	71/100
5th	NinjaOne 2013, Austin (United States), Series C	Provider of unified endpoint management and IT operations software solutions	$1.18B	Iconiq Capital, CapitalG & 13 others	69/100
6th	Blue Prism 2001, Warrington (United Kingdom), Acquired	Cloud-based platform for cognitive automation	$30.5M	Herald Investment Management, The Independent Investment Trust ... & 5 others	68/100
7th	Veritas Technologies 1983, Santa Clara (United States), Acquired	Provider of data management and cyber resilience solutions for enterprises	$18.6M	Point Financial, Thecarlylegroup.fr & 9 others	67/100
8th	WorkFusion 2010, New York City (United States), Acquired	Provider of robotic process automation and chatbot solutions to automate work processes	$411M	Georgian, Inovia Capital & 23 others	66/100
9th	Upstage 2020, San Jose (United States), Series C	Provider of AI platform for multiple task management	$285M	SBVA, Company K Partners & 21 others	66/100
10th	ABBYY 1989, Milpitas (United States), Late Stage	Provider of intelligent automation software and solutions for document and process understanding	-	Marlin Equity Partners, Fujitsu	65/100
17th	EvoluteIQ 2019, Stockholm (Sweden), Series B	Provider of low and no code intelligent business automation platform that enables digital transformation	$73M	Round2 Capital Partners, Baird Capital & 4 others	63/100