Iron Pillar Invests $53 Million in Jiffy in Series B funding

Iron Pillar has announced an investment in Jiffy.ai, a No-code and Hyperapps-based intelligent business process automation company. The company is based in Silicon Valley and develops products in Bangalore and Trivandrum. Iron Pillar was raised as part of the company's $53 million Series B funding. 

This is Iron Pillar Fund II's fifth investment in growing cloud software companies. Iron Pillar has also invested in well-known SaaS/cloud software companies such as Uniphore, Servify, Ushur and CoreStack.

CEO and co-founder of Jiffy, Babu Sivadasan has said that the company is thrilled to have Iron Pillar as a partner. It looks to bring cloud-native intelligent enterprise automation to the next level. He further said that this oversubscribed round is further validation that the market for enterprise process automation is massive and that Jiffy has a unique approach to business transformation that has been validated by some of the largest and most respected companies in the world.

Jiffy's cloud-native platform combines artificial intelligence, machine learning, cognitive document processing, natural language processing, no-code workflows and analytics to provide end-to-end solutions that automate business processes across multiple industries. These include media and telecom, financial services and travel.