CIO Insider

CIOInsider India Magazine

Separator

UnifyApps Raises $ 20 Million in Funding Round

CIO Insider team | Saturday, 9 November, 2024
Separator

As per reports, San Francisco-based UnifyApps, which is focused on enterprise integration, has raised $20 million in a funding round led by Iconiq Growth, which has invested in companies like Airbnb, Uber and Snowflake.

Existing investors, notably the early-stage venture capital firm Elevation Capital, also participated in the round.

In order to facilitate deeper integration across software-as-a-service (SaaS) applications, the money will be utilized to enhance its unified corporate AI agent platform.

“UnifyApps is deeply grateful for the opportunity to work with Iconiq Growth, a team that is unrivaled in its ability to uplift the next big players in SaaS. Their deep network and partnership will be instrumental in our next stage of growth as we bring our AI agent platform to enterprises everywhere,” says co-founder and chief executive Pavitar Singh.

Established in 2023 by Singh, Abhishek Khurana, Rachit Mittal, Sumeet Nandal, Haitham Elkhatib, Abhinav Singi, Rahul Anishetty, Kavish Manubolu, Shivam Satrawal, and Rohan Vijay, the platform facilitates communication and optimisation amongst client firms' various software tools. It enables businesses to create their own apps far more quickly.

By aligning every data source and application to an enterprise use, they are enabling AI to understand and orchestrate work

Elkhatib has been named chief revenue officer and cofounder of the firm. Elkhatib was the senior vice president of sales for growth markets at Sprinklr, an enterprise software firm based in New York, before joining UnifyApps.

Elevation Capital led the most recent investment round, which raised $11 million. To date, the company has raised $31 million.

Matt Jacobson, general partner, Iconiq Growth says, “By aligning every data source and application to an enterprise use, they are enabling AI to understand and orchestrate work.”



Current Issue
Sapthavahana: Leveraging Innovation & Technical Expertise to Revolutionize the Indian EV Charging Sector