Jiffy.ai, a business-to-business (B2B) automation platform, has raised $53 million in a funding round led by Eight Roads Ventures.
The company said it would use the funds to scale its sales and marketing efforts and advance its HyperApp platform.
The round also saw participation from venture firms Iron Pillar, R-Squared, and existing investors Nexus Venture Partners, Reaction Capital, and Rebright Partners, the company said in a statement.
In June 2020, Jiffy.ai had raised $18 million from investors led by Nexus Venture Partners. Its largest equity shareholder is its non-profit organization, Paanini Foundation.
The company, which was launched in 2018 as the go-to-market brand from its parent Paanini Inc., is focusing on strengthening its intelligent automation platform.
The platform helps clients assemble automated business capabilities that can learn and adapt to changing needs with little or no additional resources and operational expenditure.
Read more on Tech Gist Africa:
Chinese automaker BYD’s February EV deliveries grow 750% from last year
Pony.ai Announces First Close of Series D Financing Round, With a Valuation of $8.5 Billion
