As of 2021, the SaaS marketplace on your own was value $130.6 billion, and the B2B SaaS vertical has pushed the world-wide organization tech sector for fairly some time. Jiffy.ai is a title that has been operating in this sector for very some time, and now, it has taken gain of the funding increase to raise $53 million.
This funding is portion of its Series B round and was led by the world-wide financial investment business Eight Roads Ventures. The spherical also incorporated participation from venture firms Iron Pillar and R-Squared, and current investors Nexus Undertaking Partners, Response Money, and Rebright Companions.
The B2B automation platform designs to deploy the cash to improve its HyperApp system and scale up its marketing and product sales efforts. Funds will also be made use of to develop autonomous enterprises. This will be built possible by applying AI technological innovation and automation to transform the operations of firms.
This is not the to start with time Jiffy.ai has raised money – the four-calendar year-previous app-dependent reduced-code/no-code smart automation system had previously lifted $18 million in June 2020 in Series A funding. The money experienced been made use of for analysis and development.
Jiffy.ai is identified to assist its consumers assemble automated enterprise abilities that can discover and adapt to switching desires with just about no excess expense or means. This is feasible by its automation platform, which blends tech these kinds of as Robotic Approach Automation (RPA), Smart Document Processing, AI, ML, all-natural language processing, and no-code workflow management. With this, its consumers get close-to-finish business approach automation and lifecycle administration solutions that raise efficiency, minimize OPEX fees, and assure faster returns on financial commitment.
“We are concentrating on strengthening our intelligent automation system which will enable organizations to compose, configure, observe, and manage them selves as autonomous enterprises,” said Babu Sivadasan, co-founder and CEO, Jiffy.ai.
Currently, it is a widespread title amid organizations throughout the world across many categories, this sort of as banking and fiscal providers, media and promotion, production, telecommunications, finance and accounting, and journey. They use automated workflows and procedures built on the system.