2018-founded JIFFY.ai, the go-to-market brand of its parent company Paanini, raises $18 million in Series A funding led by Nexus Venture Partners. Rebright Partners, W250 Venture Fund and a number of C-level business leaders led by Sri Vishwanath (CTO of Atlassian: TEAM), Richard Galanti (CFO of Costco: COST), Charles Goldman (CEO Assetmark: AMK), Tony Thomas (former CIO Nissan Motors: NSANY), Jim Brady (former COO Grant Thornton) and Bob Ward (former COO Sungard Wealth and Retirement) also participated in the funding.

The startup also launches the first unified automation and no-code app development platform for finance & operations. Pursuing a responsible path to AI innovation, JIFFY.ai will use the raised fund to deliver on its vision, grow the team further and scale its product roadmap and existing customer base that comprises of Fortune and Global 1000 companies.

One of the big four accounting organizations, Deloitte states that nearly every company in the world will be using RPA in some form within the next five years, as attempts to automation manual tasks in verticals like operations, HR and accounting have fallen short. By 2024, low-code application development will be responsible for more than 65 percent of application development activity, estimates Gartner. Hence with

We are thrilled to partner with Babu and team in their pursuit of delivering an end to end solution for next generation AI-powered automation and app development across a broad range of industries

deep expertise in AI, NLP, Fintech and Automation, JIFFY.ai has evolved its core product to make complex process automation and application design available to enterprises in just a few clicks. Its latest release will empower the company to combine the power of RPA, deep document processing and native cognitive (AI/ML) capabilities into a single integrated platform with built-in enterprise class security.

“Our goal is to set a new standard for business at the intersection of entrepreneurship and innovation. Across our entire team, we are 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 will invest in programs to re-train and up-skill workers whose jobs may be displaced,” says Babu Sivadasan, CEO & Co-Founder, JIFFY.ai - a uniquely structured company with 20 co-founders. Babu is a serial entrepreneur with public company experience, and is the co-founder and Group President of Envestment (NYSE: ENV).

“JIFFY.ai is set to make enterprises vastly more efficient and will enable use cases not possible before. We are thrilled to partner with Babu and team in their pursuit of delivering an end to end solution for next generation AI-powered automation and app development across a broad range of industries,” said Jishnu Bhattacharjee, Managing Director, Nexus Venture Partners.