Nexus leads $18-m round at Jiffy.ai

BENGALURU: Palo Alto-based enterprise automation platform Jiffy.ai has raised $18 million in Series-A funding led by Nexus Venture Partners along with participation from Rebright Partners, W250 Venture Fund and a group of C-level executives from Atlassian, Costco, among others.

Jiffy.ai was launched in 2018 as the go-to-market brand from its parent company Paanini Inc. Most of the company’s 150+ staff are based in Bengaluru. The company said it will utilise the funding to scale its product roadmap, grow its team, increase its customer base.

“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,” said Sivadasan, who is also the CEO of Jiffy.ai.