Silicon Valley automation startup Jiffy.ai has raised $18 million in Series A funding. The Palo Alto-based company launched in 2018 bills itself as an “AI-first, integrated automation and app development platform” for the fintech industry. The company said it will leverage the cash infusion to hire and to “expand its product roadmap.”
Jiffy.ai said its platform harnesses RPA, natural language processing and AI to enable its clients to develop automation apps in a no-code environment. The company said it also wants to keep humans in the workforce through retraining. It has established a foundation to support that goal.
“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,” said Babu Sivadasan, CEO and co-founder of Jiffy.ai. “Through our foundation arm, we’ll invest in programs to retrain and upskill workers whose jobs may be displaced.”
The funding round was led by Nexus Venture Partners, with participation from Rebright Partners, W250 Venture Fund and other individual investors.