$6.5 million in fresh seed capital. Over 30 enterprise customers already in production. 30 million API calls handled monthly. ARR clocking seven figures, and no, that’s not a rounding error. Let that sink in. This isn’t a prototype with a promise. This is production-ready software dropping weight on a bloated $350B consultant economy that’s been feasting off complexity like it’s an all-you-can-bill buffet.
Refold AI, co-founded by Jugal Anchalia (CEO) and Abhishek Kumar (CPO), just emerged from stealth to tell IT departments and overpaid integration vendors one simple thing: Your services are no longer required. This team isn’t new to the grind. After founding JustDoc and watching it get scooped up by Netmeds (which later got folded into Reliance), they’ve taken their scars from wrestling with SAP, Oracle, and every “enterprise-grade” dinosaur and built a new beast altogether.
Their play? Autonomously generated integrations, no human middleware, no six-figure fire drills. You type in natural language, the system listens, thinks, and builds. ERP to CRM? Finance to supply chain? Whatever dusty legacy API you’ve been duct-taping together with consultants? Refold AI’s autonomous agents turn that into working software faster than your procurement team can approve an SOW. And they don’t just build it, they watch it, fix it, and improve it like they’re training for the AI Olympics.
Built on a layered architecture of Workflow Code Agents, natural language interfaces, and an embedded integration platform, this isn’t your uncle’s iPaaS. Think of it as an execution layer for AI-native enterprise stacks, the invisible logic that makes the whole system dance.
This round, led by Eniac Ventures (shout out to Hadley Harris) and Tidal Ventures (Nicholas Muy in the mix), with backup from Better Capital, Ahead VC, Karman Ventures, Z21, and a few angels who clearly knew a good thing when they saw it, gives Refold AI the ammo to triple down: deeper integrations, better dev tools, and a growing team split between San Mateo and Bangalore.
If you’re in the enterprise game and still paying for integration by the hour, you’re not just burning money, you’re throwing it at a problem that’s already been solved. Refold AI isn’t another tool. It’s the future of automation turning complexity into clarity.
