Refold AI, a startup that builds AI solutions for businesses, has raised $6.5 million in seed funding from Eniac Ventures and Tidal Ventures.
Refold AI said in a press release that the funds will be used to expand the engineering team, improve product integrations, and support its growing enterprise customers.
“We were spending more time managing chaos than building software. We started Refold with a simple idea: integrations are repeatable and cumbersome; they should not need humans,” said Jugal Anchalia, Refold’s co-founder and CEO.
“As we enter the agentic era, enterprise integrations stand out as one of the most compelling and valuable use cases. For decades, companies have burned billions on brittle, bloated workflows. Refold has rebuilt the stack from the ground up to make integrations seamless and intelligent, and the market is already catching on,” said Hadley Harris, Founding General Partner at Eniac Ventures.
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Co-founded in 2023 by Jugal Anchalia and Abhishek Kumar, Refold AI is based in Bengaluru and San Mateo. Its technology helps companies save some of the $350 billion spent every year on manual integrations and consulting.
The platform handles workflows such as syncing ERP to CRM, automating finance processes, and managing supply chain operations. ERP systems take care of back-office tasks like finance, while CRM systems focus on sales and customer service.
Refold AI serves over 30 large business customers and 1,500 active users, handling more than 30 million API calls every month. The founders, who earlier built JustDoc, started the company after facing integration problems in big SAP systems, where even small changes led to expensive downtime.
The company now plans to offer more integration options and make it easier for businesses to set up and upgrade their AI systems. Its engineering team in Bengaluru will grow by about 10 more people by the end of the year.
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