JIFFY.ai secures US$53 million as part of Series B funding round

KUALA LUMPUR, March 15 -- JIFFY.ai, an award-winning app-based low-code/no-code intelligent automation platform, announced it has raised US$53 million as part of its Series B funding round. (US$1 = RM4.205)

Eight Roads Ventures, a leading global investment firm backed by Fidelity, led this investment round, which included participation from venture firms Iron Pillar, RSquared, 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 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 our mission to help build autonomous enterprises of the future by applying artificial intelligence and automation to transform enterprise operations,” said JIFFY.ai’s Co-founder and Chief Executive Officer, Babu Sivadasan in a statement.

We are focusing on strengthening our intelligent automation platform which will enable organisations to compose, configure, monitor and maintain themselves as autonomous enterprises.”

JIFFY.ai’s cloud-native enterprise-grade platform brings the power of artificial intelligence (AI), machine learning, natural language processing and analytics to business users.

It empowers them to deliver end-to-end business process automation and lifecycle management solutions that boost efficiency, reduce OPEX costs, and ensure faster returns on investment.

While JIFFY.ai believes in the power of advancing cognitive applications and automation, it is also conscious of the social impact of such disruptive technologies.

The company works with The Paanini Foundation to upskill and empower individuals for emerging career opportunities that require innovative human-machine collaboration, and aims to build a new paradigm of productivity.

More details at www.jiffy.ai.

-- BERNAMA