Bengaluru-based Refold AI has raised $6.5 million in seed funding led by Eniac Ventures and Tidal Ventures. The startup is looking to use the fresh capital to accelerate its go-to-market strategy and expand globally, while also investing in R&D to enhance its AI capabilities.

“Almost half of the fundraise will be used to accelerate our go-to-market motion and expand globally… The other half will be used to drive our R&D and AI research further so that we can add more connectors inside the platform,” said Jugal Anchalia, Co-Founder and CEO of Refold AI.

Refold replaces traditional manual integrations with autonomous AI agents. These agents are trained on complex enterprise systems like SAP and Oracle and can write custom integration code, test it automatically, and deploy it under human supervision. “Integration has traditionally been dominated by system integrators and consultants… The agents can write custom integration code, automatically test it, and humans can just oversee and deploy it into production,” Anchalia explained.

The startup has already secured 30 paying enterprise customers and about 1,500 active users. Anchalia said the early traction is being driven by the fundamental need for reliable data connectivity in enterprises. “Many enterprises are adopting AI, but AI needs data connectivity to run models. Every enterprise we talk to has a fundamental need because current integrations are often broken, slow, or human-dependent,” he noted.
Refold aims to differentiate itself from legacy players such as MuleSoft by embracing the customised nature of enterprise systems rather than trying to standardise them. AI allows Refold to handle variations in enterprise settings and write bespoke integration code.

The company is also flipping the traditional business model for integrations. Instead of billing by the hour or project length, Refold uses an outcome-based approach where faster delivery benefits both the client and the company. “We are incentivised to deliver projects faster; the faster the delivery, the more integration workloads AI agents can handle, and the faster we grow. Essentially, it flips the incentives,” Anchalia said.

Looking ahead, Refold envisions itself as the invisible logic layer in the AI-native enterprise stack, connecting systems that need to communicate seamlessly. Anchalia said the company has already grown almost sixfold in the last year and is on track for further growth. “Enterprise software companies are building AI capabilities, but data connectivity still relies on age-old APIs that often break. There is a huge opportunity in front of us, and we are very excited about it,” he added.

Refold AI is tackling one of enterprise software’s most pressing challenges — API integrations, which cost companies an estimated $350 billion a year in consultants and manual fixes. By automating these processes, the startup is positioning itself as a key enabler of the next generation of enterprise software.

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