Business automation platform EvoluteIQ raises $20 million round led by Round2 Capital

Business automation platform EvoluteIQ on Tuesday announced $20 million equity-and-debt funding round led by Round2 Capital, with participation from Nordea Growth Fund, DCAP Select and PH ventures. The company said new funds will help enhance its AI automation platform and expand operations globally.

EvoluteIQ provides a low-code/no-code platform that combines generative AI, intelligent data and event processing, process automation, RPA, web/mobile application development and built-in connectors for the digital transformation of businesses.