Refold AI
Overview
Refold AI is a pioneering AI startup focused on automating and optimizing enterprise API integrations. Founded in 2023 by Jugal Anchalia and Abhishek Kumar, this innovative company seeks to transform the traditionally cumbersome process of API connectivity within enterprises. The startup recently came out of stealth mode with a significant $6.5 million in seed funding, co-led by Eniac Ventures, Tidal Ventures, and backed by other notable investors including Better Capital and Ahead VC. Refold AI operates from headquarters in San Mateo, California, and Bangalore, India.
Recent Developments
- August 2025: Refold AI announced a successful seed funding round of $6.5 million. The new capital will be used to expand the engineering team, enhance product integrations, and support a growing enterprise customer base.
- August 2025: The company aims to increase its team size from 20 to 30 by the end of the year, focused on deepening its enterprise integration catalogue and targeting zero-friction deployment paradigms.
- Enterprise Focus: Refold AI operates with over 30 paying enterprise customers, including names like Incorta and Naehas, supporting more than 1,500 active users and processing over 30 million API calls per month.
- Technological Advancements: The startup introduced AI-powered autonomous agents designed to replace traditional middleware, allowing real-time synchronization of ERP-to-CRM systems and other critical enterprise workflows seamlessly.
- Market Impact: With the introduction of its AI-native infrastructure, Refold AI seeks to reduce the annual $350 billion enterprise spend on manual API integration and consulting.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | San Mateo, California and Bangalore, India |
| Founders | Jugal Anchalia, Abhishek Kumar |
| Revenue | Seven-figure annual recurring revenue |
| Key Investors | Eniac Ventures, Tidal Ventures, Better Capital |
| Industry | AI-driven Software Development |
| Number of Employees | 20, with plans to expand to 30 by year-end |
Early History
Refold AI was founded by Jugal Anchalia and Abhishek Kumar after their prior venture, JustDoc, was acquired by Reliance. The founders initiated Refold AI based on their experiences of challenges in handling complex SAP environments, where minor system changes could lead to significant downtime. Recognizing the inefficiencies and the exorbitant costs associated with traditional API integrations, they sought to address these challenges through AI-driven automation. Refold AI began its journey with the mission of making integrations seamless, efficient, and autonomous, thereby enabling enterprises to connect their systems easily and focus on innovation rather than technical bottlenecks.
Company Profile and Achievements
Refold AI distinguishes itself by offering an AI-native platform that automates API integration, using autonomous agents versatile enough to navigate system behavior changes, write necessary code, and maintain integration. This transformative approach not only streamlines operations but significantly reduces costs traditionally associated with manual system integrations.
- **Key Achievements: **
- Successfully serviced over 30 enterprise clients, managing workflows that include ERP to CRM synchronization and supply chain operations.
- Achieved rapid growth, doubling customer base in two months, and registering over 1,500 active users.
- Crossed 30 million API calls per month with an impressive seven-figure annual recurring revenue.
- Technological Innovations:
- Deployment of AI agents that autonomously learn and adapt, eliminating the need for human intervention in routine integration tasks.
- Integrated a three-layered AI architecture combining Workflow Code Agents, a natural language interface, and an Embedded Integrations Platform to offer robust, customizable solutions.
Current Operations and Market Position
Refold AI is actively revolutionizing the enterprise software landscape by offering scalable, AI-driven solutions that make integration faster and more reliable. The company's market position is strengthened by its ability to address a $350 billion market need, turning previously manual integration tasks into automated, agent-driven processes. Operating primarily from offices in San Mateo and Bangalore, Refold AI is poised for significant team expansion and strategic growth in enterprise integration services.
Conclusion
Refold AI is strategically positioned to become a leader in the enterprise integration market. By eliminating traditional bottlenecks and inefficiencies associated with API connections through the use of AI, Refold AI not only provides immediate value but positions itself as a transformative force in the industry. As enterprises continue to modernize and prioritize AI-driven solutions, Refold AI's innovative approach offers the promise of smoother, quicker, and more reliable system integrations, predicting a trajectory of robust growth and considerable market influence.