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- Venture automation startup JIFFY.ai raised $18 million in Series A funding led by Nexus Mission Partners in June.
- In the predominant half of of 2020, its buyer substandard has doubled because the pandemic compelled firms to streamline their operations by capacity of automation.
- JIFFY.ai competes with giants UiPath and Blue Prism within the increasing market for robotic activity automation (RPA) — when it comes to all firms will use RPA within the subsequent 5 years, in line with Deloitte.
- Gain more pitch decks in our searchable PITCH DECK LIBRARY right here.
Venture automation startup JIFFY.ai raised an $18 million Series A spherical led by Nexus Mission Partners in June.
JIFFY.ai is an AI-first platform specializing within the extremely regulated fintech industry.
Its tech draws on robotic activity automation (RPA), machine discovering out, and artificial intelligence to simplify activity automation and app fashion for firms.
CEO Babu Sivadasan says the startup’s client substandard has grown 200% within the predominant half of of 2020, as an increasing change of firms explore to streamline their operations.
“[In] the 2d quarter, truly rather a ramification of organizations started critically taking a explore at automation,” mentioned Sivadasan. “On legend of the critical conception that you just are going to have folks working in place of work working your infrastructure, working your capabilities, that has been challenged.”
Because it became as soon as founded in 2018, JIFFY.ai has constructed a global crew of 150 workers and over 30 purchasers. This comprises Fortune 500 firms be pleased Southwest Airways, which use JIFFY.ai to automate a giant selection of processes, from bookings to pilot timesheets.
The US-based startup became as soon as co-founded by a crew of 20, largely used founders and C-suite executives to disrupt the increasing automation market. Nearly about all firms will use RPA within the subsequent 5 years, in line with a peek by Deloitte.
Its majority stakeholder is the non-profit group Paanini Basis, which companions with the startup to retrain workers whose jobs are displaced by automation.
“We’re also enthusiastic about the functionality impact of automation to existing jobs … so we wanted to pursue assemble a firm with a solid sense of deep social responsibility and appropriate character,” says Sivadasan. “Being ruthless about innovation … but on the identical time being compassionate.”
JIFFY.ai competes with a change of alternative tech giants within the RPA home be pleased $10.2 billion UiPath, which plans to head public in early 2021, and UK-based market leader Blue Prism.
“We’ve had factual success competing against the giant gamers. Now we have correct kind been selected by, as an example, AirAsia in Malaysia,” says Sivadasan. “The set now we have viewed success in competition is when a resolution is being made in line with the merits of the product.”
Strive the pitch deck it standard to bring investors on board:
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