Jiffy.ai bags $18 mn fund in Series A by Nexus Venture Partners
By MYBRANDBOOK
Jiffy.ai has raked in $18 million worth Series A funding round led by Nexus Venture Partners. Rebright Partners and W250 Venture Fund also participated in the financing. Sri Viswanathan, Richard Galanti, Charles Goldman, Tony Thomas, Jim Brady, and Bob Ward also put in the capital in Jiffy.
The firm would deploy the fresh capital towards growing the team and scale its product roadmap and customers. It has about 150 employees across all four locations.
This is the second investment by Rebright and Nexus in a SaaS company with cross-border teams. Rebright led a $150 million round in API development firm Postman at a valuation of $2 billion. Jiffy.ai was founded in 2018 as the go-to-market from its US-based parent entity Paanini.
Jiffy.ai helps companies to automate tasks that are usually performed manually, making operations more time and cost-efficient. It claims to have 50 clients who are part of the Global Fortune 1000 companies including HCL, Deloitte, KPMG, Tech Mahindra, Wipro, and Tata Consultancy.
Sivadasan states, “Across our entire team, 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.”
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