Refold (formerly Cobalt) Secures $6.5M Seed to Revolutionize Enterprise Integrations

Refold AI has raised $6.5 million in seed funding led by Eniac Ventures, with participation from Tidal Ventures.

Founded by Jugal Anchalia and Abhishek Kumar in 2023, Bengaluru/San Mateo, Refold AI is building technology that helps companies save part of the $350 billion they spend yearly on manual integrations and consulting.

Its platform manages workflows, including ERP-to-CRM syncing, finance automation, and supply chain operations.

The fresh capital will be used to expand the engineering team, improve product integrations, and support its growing enterprise customers.

Works with over 30 enterprise customers and 1,500 active users, processing more than 30 million API calls each month.

Founded by the team behind JustDoc, who faced integration issues in large SAP systems, where small changes caused costly downtime.