JIFFY.ai Low-Code Intelligent Automation Platform Raises $53M in Series B Funding

Application-based low-code/no-code intelligent automation platform JIFFY.ai has raised $53 million in its Series B funding round. The low-code/no-code platforms code are visual software development environments that allow developers to drag and drop application components, connect them together, and create mobile or web applications.

Existing investors contribute

Eight Roads Ventures, a leading global investment firm backed by Fidelity, led the investment round for JIFFY.ai which saw participation from venture capitalists Iron Pillar, R-Squared and existing investors Nexus Venture Partners, Reaction Capital and Rebright Partners.

Gartner predicts that business-driven hyper-automation needs will be a driver of low-code adoption through 2022. It will be responsible for more than 65% of enterprise application development activity. by 2024. the global pandemic has accelerated this adoption.

Automation of complex processes

JIFFY.ai plans to use the funds to scale up sales and marketing efforts and to advance its HyperApp platform which combines robotic process automation (RPA), intelligent document processing, no-code workflow management and creating software.

Babu Sivadasan, co-founder and CEO, said the funds will advance JIFFY.ai’s mission to help build empowered businesses by applying artificial intelligence (AI) and automation.

“Our intelligent automation platform will help them assemble automated business capabilities that win and adapt to changing needs with little to no additional resources and operational expenses. This investment is a validation of the continued progress of JIFFY.ai as disruptive in the RPA space and without code,” he said.

The cloud-native enterprise platform brings the power of AI, machine learning, natural language processing, and analytics to business users. It contributes to end-to-end business process automation and lifecycle management solutions that improve efficiency, reduce OPEX costs and ensure faster returns on investment, he added.

Aware of the social impact

Leading banks and financial services, media and advertising, manufacturing, telecommunications, finance and accounting, and travel agencies use efficient, automated workflows and processes based on the platform.

The company is aware of the social impact of disruptive technologies. He works with the Paanini Foundation to improve skills and empower individuals for emerging career opportunities that require innovative human-machine collaboration.

Shweta Bhatia, Partner and Head of India Technology Investments, Eight Roads Ventures, said business process automation has become an integral pillar of companies’ digital transformation agenda, especially post-pandemic. Sanjay Poonen, former president of SAP and COO of Vmware, said digital transformation, led by cognitive technologies, is experiencing a paradigm shift in the post-pandemic world.

Holy Grail for Business

Pascal Bornett, Intelligent Automation Thought Leader, Author and Influencer , said that scaling intelligent automation transformations is the “holy grail” that most companies around the world are targeting.

Mohanjit Jolly, Partner at Iron Pillar, said his team is excited to join co-investors in helping create “a leader in next-generation intelligent business process automation.” Jishnu Bhattacharjee, Managing Director of Nexus Venture Partners, said JIFFY.ai’s intelligent automation platform is set to accelerate the digital transformation of the global enterprise.

Published on

March 10, 2022

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