Refold AI Secures $6.5M Seed Funding to Revolutionize Enterprise API Integrations

Refold AI, based in Bengaluru and San Mateo, has raised $6.5M in seed funding co-led by Eniac and Tidal Ventures. Founded in 2023 by Jugal Anchalia and Abhishek Kumar, the startup uses AI to automate API integrations, replacing middleware for workflows like ERP-CRM syncing and finance automation. Targeting a $350B market, its AI agents learn system behavior, maintain integration code, and reduce manual effort.