New Delhi, Sept. 18 -- EvoluteIQ has closed a $53 million minority growth capital round led by Baird Capital. The financing will be used to accelerate international expansion, expand the Bengaluru R&D centre, and further develop the company's agentic AI automation platform. As part of the transaction, Baird Capital's Daina Spedding and Mark Donnelly will join EvoluteIQ's board.

"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 Ba...