JIFFY.ai, an award-winning app-based low-code/no-code intelligent automation platform, announced that it 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.
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 its mission to help build autonomous enterprises of the future by applying artificial intelligence and automation to transform enterprise operations.
Company: Paanini, Inc.
Raised: $53.0M
Round: Series B
Funding Month: March 2022
Lead Investors: Eight Roads Ventures
Additional Investors: Iron Pillar, R-Squared, Nexus Venture Partners, Reaction Capital, and Rebright Partners
Company Website: https://jiffy.ai/
Software Category: AI-powered intelligent and integrated platform for the modern-day digital enterprise
About the Company: Founded with the mission to radically change how enterprises achieve autonomy by automating complex business processes, JIFFY.ai’s intelligent automation platform empowers business users to adapt to change and innovate faster. The integrated platform employs the cognitive capabilities of no-code-based software development, Intelligent Document Processing, Natural Language Processing, RPA, Machine Learning, and AI along with an overarching human-in-the-loop approach to power the next generation of enterprise applications. Built on this platform, JIFFY.ai’s HyperApps (as-a-service) are pre-packaged automation applications that can be extended across the enterprise to accelerate end-to-end automation. Fortune Global 500 companies, Big4 consulting firms, and global leaders in Banking & Financial Services, Media & Advertising, Manufacturing, Telecommunications, Finance & Accounting, and Travel industries have been using JIFFY.ai’s platform to achieve operational excellence, improve customer experience, and realize the true value of digital transformation.
Source: https://jiffy.ai/newsroom/series-b-funding-announcement/