EvoluteIQ offers a hyperautomation platform that integrates generative AI with low-code and no-code capabilities to automate business processes across various industries. The platform enhances operational efficiency by reducing manual processing time and improving compliance, resulting in measurable improvements such as a 70% reduction in claims handling efforts and a 35% increase in loan disbursal rates.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations struggle with inefficient business processes due to manual tasks, lack of integration between systems, and the inability to adapt quickly to changing business needs. This results in increased operational costs, reduced productivity, and compliance issues.
Solution
EvoluteIQ offers the EIQ Platform, an intelligent business automation solution that combines generative AI with low-code/no-code capabilities to streamline and automate business processes. The platform provides a unified environment for designing, orchestrating, and optimizing processes across various departments and industries. By integrating AI-powered decision automation, intelligent RPA, and seamless connectivity with enterprise systems, the EIQ Platform enables organizations to accelerate digital transformation, improve customer experience, and enhance operational resilience. The platform's architecture allows for flexible deployment options, including on-premise, VPC, cloud, or hybrid environments, catering to the specific needs of regulated industries like healthcare, banking, and insurance.
Target Audience
EvoluteIQ targets enterprises across various industries, including banking, insurance, healthcare, energy, utilities, telecom, media, retail, and CPG, seeking to automate business processes, improve operational efficiency, and enhance customer experience.
Features
- Unified platform integrating GenAI, RPA, and BPA capabilities
- Low-code/no-code interface for citizen developers to build and deploy automated solutions
- AI-powered decision automation for complex decision-making processes
- Intelligent RPA for automating repetitive tasks with cognitive intelligence
- Process flow design and orchestration for end-to-end automation
- Data fabric for creating intelligent, interconnected data ecosystems
- Pre-built enterprise connectors for seamless integration with existing systems
- Multichannel application support for integrated engagement across diverse communication channels
- Real-time analytics and reporting for instant data processing and insights
- Flexible deployment options: on-premise, VPC, cloud, or hybrid