October 26, 2021


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Former Envestnet Exec Raises $18M for JIFFY.ai, Unveils the First Unified Automation and No-Code App Development Platform for Finance and Operations

4 min read

JIFFY.ai, the 1st-at any time unified company automation innovation business structured to have a lasting social impression around the following many many years, these days launches to help enterprises improve company capabilities, centered on finance and functions. In excess of the last eighteen months, JIFFY.ai has created a crew of 150 global workers, and a purchaser foundation of around 20 enterprises. The business has raised $18M in Collection A funding led by Nexus Venture Companions with participation from Rebright Companions, W250 Venture Fund (founded by alumni of the Stanford Executive Plan) and a selection of C-stage company leaders led by Sri Viswanath (CTO of Atlassian: Staff), Richard Galanti (CFO of Costco: Charge), Charles Goldman (CEO Assetmark: AMK), Tony Thomas (previous CIO Nissan Motors: NSANY), Jim Brady (previous COO Grant Thornton) and Bob Ward (previous COO Sungard Prosperity and Retirement). 
The business is pursuing a accountable path to AI innovation and the new funding will be applied to deliver on its eyesight, increase the crew even more and scale its product or service roadmap and current purchaser foundation which previously comprises Fortune and World-wide 1000 corporations.

In accordance to Deloitte, practically each individual business in the planet will be employing robotic system automation‎ (RPA) in some kind within the following five several years, as tries to automate guide duties in verticals like functions, HR, and accounting have fallen brief. Gartner also estimates that by 2024, lower-code software growth will be accountable for much more than sixty five% of software growth action.

With deep abilities in AI, Normal Language Processing, Fintech and automation, JIFFY.ai has advanced its core product or service to make advanced system automation and software design out there to enterprises in just a couple of clicks. Exclusive to its technological innovation is that it sits on best of legacy devices dependent on guide entries which tend to be sluggish and closely error vulnerable. With the hottest launch, JIFFY.ai brings together the electric power of RPA, deep doc processing and indigenous cognitive (AI/ML) abilities into a one integrated system with created-in company class stability. The essential options of JIFFY.ai consist of an straightforward-to-use design studio for no-code software growth, a cognitive workbench and a configurable analytics dashboard to observe the automatic procedures with a human-in-the-loop interface.

“Our target is to established a new normal for company at the intersection of entrepreneurship and innovation,” reported Babu Sivadasan, CEO and co-founder of JIFFY.ai. “Across our total crew, we’re dedicated to tackling the results of automation on the workforce, not just by accelerating the path to profit for firms, but also by our foundation arm, we’ll spend in applications to re-train and up-ability personnel whose jobs might be displaced.”

“From automating procedures in revenue accounting and supply chain and at some point to our running teams, we are constantly hoping to enhance our abilities to help us achieve our eyesight of turning into the world’s most cherished, most effective and most rewarding airline,” Angela Marano, Managing Director, Small business Transformation, Southwest Airways. “Jiffy.ai has been a robust companion considering the fact that 2019 in aiding us start off our automation journey – beginning with RPA and moving toward reaching the entire benefit of intelligent automation. This is an progressively critical part of our overall system as we embrace the quick pace of transform and need to free up our Folks to emphasis on the best benefit routines.”

JIFFY.ai is uniquely structured with 20 co-founders, 70 percent of whom occur from the c-suite stage or have preceding founder experience, with a crew that has correctly led Stamps.com and Envestnet to IPO with a blended current market capitalization of much more than $5B. 

With a emphasis on creating lasting social impression and improving upon the life of personnel whose livelihoods have been impacted by automation, the company’s major equity shareholder is its non-profit group, Paanini Foundation. The Foundation, which will offer you career coaching and placement help applications for folks impacted by automation in the office, will announce new partnerships and application facts in the coming months as it tackles demands from its corporate companions and current client foundation.

“JIFFY.ai is established to make enterprises vastly much more effective and will help use circumstances not possible just before,” reported Jishnu Bhattacharjee, Managing Director at Nexus Venture Companions. “We are thrilled to companion with Babu and crew in their pursuit of delivering an stop to stop remedy for following technology AI-run automation and app growth throughout a broad array of industries.”

Intrigued corporations and workers really should stop by: www.jiffy.ai. 

JIFFY.ai was launched in 2018 as the go-to-current market brand name from its mum or dad business, Paanini Inc. JIFFY.ai is an AI-1st, integrated automation and app growth system trained with a emphasis on the really controlled fintech sector. The business was founded by fintech and company software program veteran Babu Sivadasan along with a team of business owners who have many years of experience in software program, engineering, and automation. JIFFY.ai performs with much more than 20 corporations including Fortune and World-wide 1000 corporations, significant four consulting firms and other people. To inquire about out there career options or to discover much more about its intelligent automation products and solutions, please stop by https://www.jiffy.ai.

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