AI startup Refold AI scores $6.5M funding led by Eniac Ventures, Tidal Ventures
The San Mateo- and Bangalore-based firm plans to use the fresh funds to expand its 20-member engineering team, deepen product integrations, and support its enterprise client base.
AI startup Refold AI has raised $6.5 million in seed funding co-led by Eniac Ventures and Tidal Ventures.
Better Capital, Ahead VC, Karman Ventures, Z21, and several angel investors also participated in the round.
The San Mateo- and Bengaluru-based firm plans to use the fresh funds to expand its 20-member engineering team, deepen product integrations, and support its enterprise client base.
At present, the company counts over 30 enterprise customers, including Incorta and Naehas, and said it has grown 2X in two months, supporting more than 1,500 active users and processing 30+ million API calls per month.
“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.
Founded by Jugal Anchalia and Abhishek Kumar, Refold AI replaces traditional middleware and manual coding with AI agents that learn how systems interact, write and maintain integration code, and adapt as software changes.
“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.
The company’s AI agents have automated various business use cases, which include finance reconciliations, unified supply chain inventory and order systems, along with building real-time ERP-CRM data pipelines.
Edited by Kanishk Singh