Jiffy.ai, a business automation platform located in the United States and India, has secured US$53 million in a series B fundraising round headed by Eight Roads Ventures. Iron Pillar, R-Squared, and Jiffy.ai’s previous investors, Nexus Venture Partners, Reaction Capital, and Rebright Partners, were also present.
Jiffy.ai intends to utilise the funds to expand its sales and marketing efforts and enhance its HyperApp platform, which is a combination of software creation, no-code workflow management, intelligent document processing, and robotic process automation.
Enterprises may use the start-up to offer lifecycle management solutions, and end-to-end business process automation to boost efficiency, generate faster returns, while also cutting costs. Jiffy.ai’s CEO and co-founder, Babu Sivadasan, said they’re concentrating on improving the intelligent automation platform, which will allow firms to compose, configure, monitor, and sustain themselves as autonomous corporations.
Accounting, finance, telecommunications, manufacturing, media and advertising, and banking and financial services are just a few of the industries where the start-up has clients.