Jiffy.ai, a unified automation enterprise platform has raised $18 million in its Series A funding round led by Nexus Venture Partners. The round also observed participation from Rebright Partners, W250 Venture and several influential personalities like Sri Viswanathan, Richard Galanti, Charles Goldman, Tony Thomas, Jim Brady, and Bob Ward.
The firm has decided to utilize the funds in extending its team and upscale its product roadmap and customers. Jiffy.ai is based out of Silicon-Valley and has its offices in Bengaluru, Cochin and Thiruvananthapuram with a combined workforce of 150 in all the locations.
Founded in 2018 as the go-to-market from its US-based parent entity Paanini, Jiffy.ai helps to automate the tasks that are usually performed manually. This enables the startup’s clients to make operations more time and cost efficient. The company takes pride in having about 50 clients from the Global Fortune 1000 companies list including HCL, Deloitte, KPMG, Tech Mahindra, Wipro, and Tata Consultancy.
Babu Sivadasn, Co-founder and CEO of Jiffy.ai said in a statement, “Across our entire team, we’re dedicated to tackling the effects of automation on the workforce, not just by accelerating the path to profit for businesses, but also through our foundation arm, we’ll invest in programs to re-train and up-skill workers whose jobs may be displaced.”
Jiffy.ai has a strong team of 20 co-founders with an experienced background in entrepreneurship. Jishnu Bhattacharjee, Managing Director at Nexus Venture Partners said, “JIFFY.ai is set to make enterprises vastly more efficient and will enable use cases not possible before. We are thrilled to partner with Babu and team in their pursuit of delivering an end to end solution for next generation AI-powered automation and app development across a broad range of industries.”