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UnifyApps Secures $50 Million Funding, Sprinklr Founder Named Co-CEO
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Heartspace News Desk
•Source: Reuters, Reuters
Photo by Patrick Amoy on Unsplash
TL;DR
UnifyApps, an AI startup founded in 2023 specializing in system integration and business task automation, raised $50 million in Series B funding led by WestBridge Capital, valuing the company at around $250 million. With Ragy Thomas as chairman and co-CEO, UnifyApps has experienced significant growth, including a sevenfold revenue increase, and serves companies such as Lowe's and HDFC Bank.
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Key takeaways
- UnifyApps, an AI startup specializing in connecting corporate systems to automate business tasks, has secured $50 million in Series B funding led by WestBridge Capital, valuing the company at approximately $250 million, according to a Reuters report
- Founded in 2023, UnifyApps appointed Sprinklr founder Ragy Thomas as chairman and co-CEO
- The company aims to address the prevalent issue of AI project failure, citing an MIT study that indicates a 95% failure rate
UnifyApps, an AI startup specializing in connecting corporate systems to automate business tasks, has secured $50 million in Series B funding led by WestBridge Capital, valuing the company at approximately $250 million, according to a Reuters report.
Founded in 2023, UnifyApps appointed Sprinklr founder Ragy Thomas as chairman and co-CEO. The company aims to address the prevalent issue of AI project failure, citing an MIT study that indicates a 95% failure rate.
UnifyApps reports significant growth, including a sevenfold year-over-year revenue increase, and serves prominent clients such as Lowe's Companies and HDFC Bank. The company operates in a competitive market that includes established players like UiPath, Automation Anywhere, and Microsoft.
Related Topics
artificial intelligencefundingAIautomationUnifyAppsRagy ThomasSprinklr
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