Jiffy.ai bags $18 million funding led by Nexus Venture PartnersEnterprise automation platform Jiffy.ai has raised $18 million in Series A funding led by Nexus Venture Partners along with participation from Rebright Partners, W250 Venture Fund and a group of C-level executives from Atlassian, Costco, among others.

Jiffy.ai was launched in 2018 as the go-to-market brand from its parent company Paanini Inc, and was founded by Indian origin fintech and enterprise software veteran Babu Sivadasan along with a group of other entrepreneurs. Most of the company’s 150-plus staff are based in Bengaluru.

The Palo Alto-based company said it will utilise the funding to scale its product roadmap, grow its team, increase its customer base, while pursuing a responsible path of automation using artificial intelligence (AI).

“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,” said Sivadasan, who is also the CEO of Jiffy.ai.

Its latest version offers robotic process automation, deep document processing, and AI and machine learning capabilities to enterprises so that they can automate complex and error-prone tasks.

“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.

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