News Summary

• Jugal Anchalia, the co-founder of Californian start-up Refold AI, is today announcing a $6.5 million funding round.
• The company’s pitch is that its technology will automatically manage the integration work for organisations adding new software to their existing technology infrastructure.
• “Integrations are repeatable and cumbersome; they should not need humans,” says Anchalia.
• Since its launch in 2023, Refold has acquired around 30 enterprise customers, citing examples including the data company Incorta and the financial services business Naehas.