Eight Roads leads $53m round of business automation startup

Jiffy.ai, a US- and India-based automation platform for businesses, has raised US$53 million as part of a series B funding round led by Eight Roads Ventures. Other participants included Iron Pillar, R-Squared, and Jiffy.ai’s existing investors, Nexus Venture Partners, Reaction Capital, and Rebright Partners.

Photo credit: Jiffy.ai

Jiffy.ai plans to use the funding to scale sales and marketing and to advance its HyperApp platform, which combines robotic process automation, intelligent document processing, and no-code workflow management and software creation.

The startup enables enterprises to deliver end-to-end business process automation and lifecycle management solutions that boost efficiency, cut costs, and ensure faster returns on investment.  

“We are focusing on strengthening our intelligent automation platform which will enable organizations to compose, configure, monitor, and maintain themselves as autonomous enterprises,” said Babu Sivadasan, Jiffy.ai’s co-founder and CEO.

The startup has clients in sectors such as banking and financial services, media and advertising, manufacturing, telecommunications, finance, and accounting.

See also: Indian startup makes software for factory workers, eyes Southeast Asia next