JIFFY.ai, the US and India-based software company that offers AI-powered intelligent and integrated platform for the modern-day digital enterprise, announced that it has raised $18 million Series A funding led by Nexus Venture Partners.
Rebright Partners and W250 Venture Fund also participated in this funding round, JIFFY.ai said in a statement.
A number of business leaders led by Sri Viswanath (CTO of Atlassian), Richard Galanti (CFO of Costco), Charles Goldman (CEO Assetmark), Tony Thomas (former CIO Nissan Motors), Jim Brady (former COO at Grant Thornton) and Bob Ward (former COO at Sungard Wealth and Retirement) also pooled in the capital, it added.
JIFFY.ai will utilise the current financing to expand its team and customer base and product development. In India, the company has offices in Bengaluru, Cochin and Thiruvananthapuram. The majority of its over 150 employees are based in Bengaluru.
“Our goal is to set a new standard for business at the intersection of entrepreneurship and innovation,” said Babu Sivadasan, CEO and co-founder of JIFFY.ai. “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 works with several Fortune and Global 500 clients across industries like Finance and Accounting, BFSI, Telecom, Retail and Airlines, as well as business areas like HR and IT. Having delivered value to its clients in 100+ projects, the company has been recognized by leading industry bodies like Gartner, IDC and HFS, as well as publications like The Economic Times.
“JIFFY.ai is set to make enterprises vastly more efficient and will enable use cases not possible before,” said Jishnu Bhattacharjee, Managing Director at Nexus Venture Partners. “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.”
Founded by Naren Gupta, Suvir Sujan and Sandeep Singhal in 2006, Nexus Venture Partners has invested in over 75 startups focusing on consumer retail, business services, healthcare, education and enterprise technology. A large part of Nexus’ portfolio comprises startups based in the US having some Indian presence. The US team is led by co-founder Naren Gupta.
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