EvoluteIQ, a London, UK-based intelligent automation company, received an equity investment from Confidus Investment Partners AB.
The amount of the deal was not disclosed.
In conjunction with the funding, Confidus’ Peter Dahlgren will join the Board of Directors as the Chairman.
The company intends to use the funds to invest further into the R&D centre in Bangalore to enhance the e.IQ platform and further ramp up the sales and delivery operations in Nordics & Singapore.
Led by Sameet Gupte, CEO, EvoluteIQ is an Intelligent Automation company with a technology platform that accelerates the adoption of leading RPA & AI technologies across industries. Its ‘Absolute Automation’ offering covers the process modernization, the e.IQ technology platform, implementation of RPA & AI technologies and managed ‘BOT Farms’.
Currently the company has operations in USA, UK, Sweden and India.