Refold AI Raises $6.5 Million to Automate Enterprise API Integrations
- ByStartupStory | August 14, 2025
Refold AI, an enterprise AI startup focused on automating API integrations, has raised $6.5 million in a seed funding round co-led by Eniac Ventures and Tidal Ventures. The funds will be used to expand its engineering team, enhance product integrations, and support a growing base of enterprise customers.
Founded in 2023 by Jugal Anchalia and Abhishek Kumar, Refold AI builds AI agents designed to replace manual coding and legacy middleware. These agents can learn system behavior, write and maintain integration code, and adapt to evolving software environments.
The startup originated from the founders’ earlier venture, JustDoc, which was acquired by Netmeds in 2018.
Targeting the $350 billion enterprises spend annually on manual integrations and consulting, Refold AI’s platform currently powers workflows such as ERP-to-CRM syncing, finance automation, and supply chain operations. It serves over 30 enterprise customers, with more than 1,500 active users processing over 30 million API calls each month.
Highlighting the complexity of enterprise integration, CEO and co-founder Jugal Anchalia said:
“Enterprise systems are often heavily customized. Even if two companies use the same ERP platform, their configurations and data structures can differ significantly. This means each integration must be built separately, even when the underlying ERP software is the same.”
Refold AI plans to expand its integration catalogue and focus on low-friction deployment to support enterprises modernising their AI stacks.
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