Our Investment in JIFFY.ai, shaping the future of Finance and Operations
Excited to share that we led the Series A investment of $18M in JIFFY.ai to expand its industry-first unified automation and no-code app development platform, to optimize business functions across finance and operations.
Today nearly every company in the world is turning to some form of robotic process automation (RPA) to help improve business functions. JIFFY.ai has taken the automation paradigm to the next level by leveraging its deep expertise in AI, Natural Language Processing and Fintech. Its core product makes complex process automation and app development platform available to enterprises in just a few clicks. This is a major upgrade for enterprises built with legacy systems, which are dependent on manual entries and therefore tend to be slow and error prone.
The technology combines the power of RPA, deep document processing and cognitive (AI/ML) capabilities into a single integrated platform. It’s key features include built-in enterprise class security, an easy-to-use design studio for no-code application development, a cognitive workbench and a configurable analytics dashboard to monitor outcomes.
I have known Babu for several years as a successful serial entrepreneur (who has co-founded two publicly traded companies), veteran silicon valley executive, angel investor and above all a fantastic human being. When Babu mentioned to me last year that he was going back to his entrepreneurial roots, I knew we had to be a partner in his journey. Our conviction was bolstered as we learned about his broader vision of AI automation that instantly resonated with our thoughts on digital transformation. Equally impressive is the team of strong co-founders and executive team that Babu has assembled at JIFFY.ai.
We are thrilled to partner with Babu and team as they expand their end to end solution for next generation AI-powered automation to make enterprises vastly more efficient, enable new use cases, and carve a responsible path to AI innovation, impacting a broad range of mainstream industries. It’s still Day 1 at Jiffy, we are just getting started!
Jishnu Bhattacharjee, Nexus Venture Partners
For more insights from the Nexus team, click here.
