Inventus Law client JIFFY.ai, an enterprise automation startup, announced today it has raised $18 million in Series A funding for product development and expansion into new markets around the world. The round was led by Nexus Venture Partners, with participation from Rebright Partners and W250 Venture Fund.
A roster of executives from tech companies also invested, including AssetMark chief executive officer Charles Goldman; Costco chief financial officer Richard Galanti; Atlassian chief technology officer Sri Viswanath; former Nissan Motors chief information officer Tony Thomas; and former SunGard Wealth and Retirement chief operating officer Bob Ward.
JIFFY.ai, the brand name of Paanini, uses robotic process automation (RPA) and machine learning and artificial intelligence to help companies automate tasks that are usually performed manually, making operations more time and cost-efficient. Its platform also includes a design studio for no-code application development, and a configurable analytics dashboard to monitor automated processes.
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