JIFFY.ai Raises $53 Million In Funding as Part of Series B Round

Aims to make stronger inroads in the enterprise automation space with HyperApp-based intelligent automation platform

JIFFY.ai, an award-winning app-based low-code/no-code intelligent automation platform, today announced that it has raised $53 million as part of its Series B funding round. Eight Roads Ventures, a leading global investment firm backed by Fidelity, led this investment round, which included participation from venture firms Iron Pillar, R-Squared, and existing investors Nexus Venture Partners, Reaction Capital and Rebright Partners.

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“JIFFY.ai offers a compelling suite of these technologies, which power digital transformation with vertically integrated applications. They combine an engaging, omni-channel end-user experience with autonomous, AI-powered middle and back-office.”

JIFFY.ai plans to use the funding to scale its sales and marketing efforts, and to advance its HyperApp platform, which combines Robotic Process Automation (RPA), Intelligent Document Processing, and no-code workflow management and software creation.

“This funding will advance our mission to help build autonomous enterprises of the future by applying artificial intelligence and automation to transform enterprise operations,” said Babu Sivadasan, JIFFY.ai’s Co-founder and Chief Executive Officer. “We are focusing on strengthening our intelligent automation platform which will enable organizations to compose, configure, monitor and maintain themselves as autonomous enterprises. Using the platform, they will be able to assemble automated business capabilities that can learn and adapt to changing needs with little or no additional resource and operational expenditure. This investment is validation for JIFFY.ai’s continued progress as a disruptor in the RPA and no-code space.”

JIFFY.ai’s cloud-native enterprise-grade platform brings the power of artificial intelligence (AI), machine learning, natural language processing and analytics to business users. It empowers them to deliver end-to-end business process automation and lifecycle management solutions that boost efficiency, reduce OPEX costs, and ensure faster returns on investment.

Leaders including the Fortune Global 500 from multiple industries such as banking and financial services, media and advertising, manufacturing, telecommunications, finance & accounting, and travel are using highly efficient automated workflows and processes built upon the platform.

Commenting on the investment, Shweta Bhatia, Partner & Head of Technology Investments India, Eight Roads Ventures said: “The automation of business processes has become an integral pillar of the digital transformation agenda of enterprises, especially post pandemic. JIFFY.ai’s AI-driven approach to automation is unique with an integrated, modular, and intelligent solution that has proven superior alongside a faster and more sustainable ROI. We are thrilled to partner with Babu and his team in their mission to help enterprises reap the benefits of automation at scale.”

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