The funding will help Jiffy.ai scale its sales and marketing efforts and enhance its HyperApp platform. Here are the top-line bullets you need to know.
Jiffy.ai, a robotic process automation (RPA) platform, has raised $53M in a Series B. The round drew participation from Eight Roads Ventures, Iron Pillar, Rebright Partners, Nexus Venture Partners, R-Squared Ventures, and Reaction Fund.
HOW’S THE COMPANY PERFORMING?
- California-based Jiffy.ai helps companies across industries automate key business processes.
- It caters to companies such as Air Asia, Fox, Viacom CBS, and IAS.
- The company claims to have executed more than 100 projects since its launch.
- Jiffy.ai has a presence across the US, the UK, Australia, Singapore, and India.
- The company is currently supported by a team of over 150 employees.
Source: Jiffy.ai
WHY DOES THE MARKET MATTER?
- The global intelligent process automation (IPA) market is expected to reach a value of $21.6B by 2028, growing at a CAGR of 12.37%, according to Verified Market Research.
- The advancement of artificial intelligence and RPA technologies has contributed to market growth.
- Businesses have increasingly turned to IPA solutions to manage the rise in demand for digital customer experiences amid the pandemic.
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