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- Enterprise automation startup JIFFY.ai raised $18 million in Collection A funding led by Nexus Venture Companions in June.
- Within the first half of of 2020, its customer depraved has doubled as the pandemic forced companies to streamline their operations by capacity of automation.
- JIFFY.ai competes with giants UiPath and Blue Prism within the increasing market for robotic route of automation (RPA) — in relation to all companies will use RPA within the next five years, in step with Deloitte.
- Salvage more pitch decks in our searchable PITCH DECK LIBRARY here.
Enterprise automation startup JIFFY.ai raised an $18 million Collection A spherical led by Nexus Venture Companions in June.
JIFFY.ai is an AI-first platform specializing within the extremely regulated fintech substitute.
Its tech attracts on robotic route of automation (RPA), machine studying, and artificial intelligence to simplify route of automation and app pattern for companies.
CEO Babu Sivadasan says the startup’s client depraved has grown 200% within the first half of of 2020, as an increasing vogue of companies stare to streamline their operations.
“[In] the 2nd quarter, in point of truth a bunch of organizations started seriously automation,” acknowledged Sivadasan. “For the explanation that foremost notion that you just is doubtless to be going to private of us working moderately than enterprise working your infrastructure, working your purposes, that has been challenged.”
Because it became primarily based in 2018, JIFFY.ai has constructed a world team of 150 staff and over 30 purchasers. This involves Fortune 500 companies love Southwest Airlines, which use JIFFY.ai to automate a giant vary of processes, from bookings to pilot timesheets.
The US-primarily primarily based startup became co-primarily based by a team of 20, largely weak founders and C-suite executives to disrupt the increasing automation market. Nearly all companies will use RPA within the next five years, in step with a stare by Deloitte.
Its majority stakeholder is the non-revenue organization Paanini Foundation, which companions with the startup to retrain staff whose jobs are displaced by automation.
“We are additionally concerned relating to the functionality influence of automation to gift jobs … so we wished to pursue scheme an organization with a sturdy sense of deep social responsibility and gentle character,” says Sivadasan. “Being ruthless about innovation … but on the an identical time being compassionate.”
JIFFY.ai competes with a bunch of different tech giants within the RPA bid love $10.2 billion UiPath, which plans to trot public in early 2021, and UK-primarily primarily based market chief Blue Prism.
“We private now had upright success competing towards the big avid gamers. We now private factual been chosen by, shall we embrace, AirAsia in Malaysia,” says Sivadasan. “The set up we now private viewed success in competition is when a name is being made in step with the merits of the product.”
Dangle a private a look on the pitch deck it frail to bring investors on board: