Refold AI raises $6.5 million to scale agents that automate enterprise workflows
Refold AI raises $6.5 million to scale agents that automate enterprise workflows
The company will use the capital to expand its engineering team, deepen product integrations, and support its customers
Artificial Intelligence (AI) startup, Refold, has announced raising $6.5 million in a seed funding round, co-led by Eniac Ventures and Tidal Ventures, with participation from Better Capital, Ahead VC, Karman Ventures, Z21, and other angel investors.
It serves over 30 paying enterprise clients, including Incorta and Naehas.
In the past two months, the company doubled its growth. It supports over 1,500 active users, processing over 30 million API calls monthly. Its annual recurring revenue (ARR) is in seven figures.
Founded by the team behind JustDoc (acquired by Reliance), Refold was conceptualised out of firsthand experience managing complex enterprise systems.
Jugal Anchalia, Co-founder and Chief Executive Officer at Refold, said, “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.”
Hadley Harris, Founding General Partner at Eniac Ventures, remarked, “As we enter the agentic era, enterprise integrations stand out as one of the most compelling and valuable. 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.”
With a 20-member team across San Mateo and Bengaluru, Karnataka, Refold plans to expand to 30 by year-end. It focuses on deepening the enterprise integration catalogue and enabling zero-friction deployment.
Nicholas Muy, Venture Partner at Tidal Ventures, added, “Finally, someone is fixing the most broken part of enterprise software. For decades, we’ve been patching integrations with expensive consultants and manual work. Refold’s AI agents don’t just patch the problem, they eliminate it. This is a fundamental leap forward.”
The AI startup has replaced traditional middleware or in-house integration teams with autonomous AI agents. These are lightweight programs that learn how systems interact, generate and maintain integration code and adapt to changes automatically.
The platform is being used to manage ERP-to-CRM synchronisations, finance automation, and mission-critical supply chain workflows.
Abhishek Kumar, co-founder and Chief Technology Officer at Refold, explained, “We’re not building another workflow, but replacing the consultant economy with agents that learn and scale. In the future, integrations should be free, fast and invisible.”
Unlike legacy iPaaS tools that rely on templates or consulting hours, the Refold transforms one-off edge cases into repeatable, productised agents. Its incentives are aligned with reducing, not increasing, complexity.
The startup combines reasoning and reinforcement learning to enable agents to make decisions autonomously. As enterprises modernise their AI stacks, the firm intends to become the invisible logic layer for seamless operations without human intervention.
