UnifyApps Secures $20M Series A Funding to Revolutionize Enterprise AI Integration

UnifyApps Raises $20M Series A to Deliver AI Agents Across the Enterprise

Amidst strong growth, company welcomes new Chief Revenue Officer Haitham ElKhatib UnifyApps, the Unified Enterprise AI Agent platform, today announced the closing of a $20 million Series A funding round led by ICONIQ Growth, with participation from existing investors including Elevation Capital. ICONIQ Growth General Partner Matt Jacobson has joined UnifyApps' board of directors as part of the new funding. This latest round brings the company's total funding to $31 million as it aims to bring the benefits of AI to every department with their Unified Enterprise AI Agent platform. Over the past year, UnifyApps has built a comprehensive foundation to connect and automate enterprises. As the enterprise landscape has rapidly evolved in recent years due to the proliferation of SaaS technology, today's modern enterprises are forced to grapple with hundreds of disparate data and software applications. The impact can be costly - resulting in efficiency losses, data silos, untapped cost optimizations and fragmented workflows. Designed for scalability and complexity, UnifyApps deeply integrates with all the SaaS applications seamlessly within an enterprise. By making it easy for enterprises to view and manage all their data in a single place, the platform empowers teams to automate business workflows and create sophisticated enterprise-grade applications using their no-code approach. Now, UnifyApps is harnessing the power of its platform to introduce Unified Enterprise AI Agent Platform. UnifyApps now enables teams to build bespoke AI agents trained on enterprise knowledge to benefit any department within an enterprise - from IT to HR to Sales. The platform's comprehensive suite of tools includes observability, compliance, and fine-tuning capabilities to provide enterprise-ready AI Agents that prioritize accuracy, security, and auditability. UnifyApps prioritizes flexibility, with the option to deploy on a private cloud and allowing customers to choose the LLM that best fits their specific needs. "UnifyApps is deeply grateful for the opportunity to work with ICONIQ Growth, a team that is unrivaled in their ability to uplift the next big players in SaaS," said Pavitar Singh, CEO and Co-Founder of UnifyApps. "Their deep network and partnership will be instrumental in our next stage of growth as we bring our AI agent platform to enterprises everywhere." In conjunction with the new funding, UnifyApps has welcomed Haitham ElKhatib as the company's new Chief Revenue Officer and Co-Founder. Prior to joining UnifyApps, ElKhatib served as the Senior Vice President of Sales for Growth Markets at Sprinklr. His proven track record in scaling enterprise software companies will be instrumental in accelerating UnifyApps' market penetration and revenue growth. "UnifyApps understands that you need a holistic approach to achieve trusted, effective AI agents," said ICONIQ Growth General Partner Matt Jacobson. "By aligning every data source and application to an enterprise use, they are enabling AI to actually understand and orchestrate work. We are proud to be working with UnifyApps Co-Founder and CEO Pavitar Singh again, as we believe he deeply understands what is required for the largest enterprises to address their data fragmentation problems to achieve amazing results." UnifyApps has gained significant traction with early customers, including one of the leading banks, a leading telecommunications provider, and a leading security company, amongst many others. The customer momentum underscores the pressing demand for solutions that simplify and accelerate AI adoption within an enterprise. As a result of this success, the company has experienced rapid growth, expanding its team to over 150 employees and establishing new offices in Gurgaon, Dubai and New York. About UnifyApps UnifyApps is a cutting-edge Unified Enterprise AI Agent Platform, revolutionizing how enterprises connect disparate applications and enable AI agents across departments. Founded in 2023 by Pavitar Singh along with a team of visionary Co-Founders - Abhishek Khurana, Rachit Mittal, Sumeet Nandal, Haitham Elkhatib, Abhinav Singi, Rahul Anishetty, Kavish Manubolu, Shivam Satrawal, and Rohan Vijay - UnifyApps operates globally with headquarters in India, Dubai, and the United States. The platform empowers enterprises to reduce fragmented systems and bridge data silos by enabling teams to develop data pipelines, automate workflows, build enterprise-grade applications, and deploy AI Agents. Designed for enterprise scalability, complexity and security, UnifyApps is at the forefront to accelerate benefits of AI to every department in an enterprise. About ICONIQ Growth ICONIQ Growth partners with visionaries defining the future of their industries to transform the world. Our investment platform and unique ecosystem helps amplify our portfolio companies' success from early growth stage to IPO and beyond. Our portfolio includes Adyen, Airbnb, Alibaba, Alteryx, Automattic, BambooHR, Braze, Chime, Collibra, Coupa, Datadog, Docusign, Gitlab, Marqeta, Miro, Procore, Red Ventures, Relativity, ServiceTitan, Snowflake, Sprinklr, Truckstop, Uber, Wolt, and Zoom, among others. For more information, please visit ICONIQGrowth.com.

UnifyApps Raises $20M Series A to Deliver AI Agents Across the Enterprise By Investing.com

Amidst strong growth, company welcomes new Chief Revenue Officer Haitham ElKhatib NEW YORK--(BUSINESS WIRE)--UnifyApps, the Unified Enterprise AI Agent platform, today announced the closing of a $20 million Series A funding round led by ICONIQ Growth, with participation from existing investors including Elevation Capital. ICONIQ Growth General Partner Matt Jacobson has joined UnifyApps' board of directors as part of the new funding. This latest round brings the company's total funding to $31 million as it aims to bring the benefits of AI to every department with their Unified Enterprise AI Agent platform. Over the past year, UnifyApps has built a comprehensive foundation to connect and automate enterprises. As the enterprise landscape has rapidly evolved in recent years due to the proliferation of SaaS technology, today's modern enterprises are forced to grapple with hundreds of disparate data and software applications. The impact can be costly " resulting in efficiency losses, data silos, untapped cost optimizations and fragmented workflows. Designed for scalability and complexity, UnifyApps deeply integrates with all the SaaS applications seamlessly within an enterprise. By making it easy for enterprises to view and manage all their data in a single place, the platform empowers teams to automate business workflows and create sophisticated enterprise-grade applications using their no-code approach. Now, UnifyApps is harnessing the power of its platform to introduce Unified Enterprise AI Agent Platform. UnifyApps now enables teams to build bespoke AI agents trained on enterprise knowledge to benefit any department within an enterprise " from IT to HR to Sales. The platform's comprehensive suite of tools includes observability, compliance, and fine-tuning capabilities to provide enterprise-ready AI Agents that prioritize accuracy, security, and auditability. UnifyApps prioritizes flexibility, with the option to deploy on a private cloud and allowing customers to choose the LLM that best fits their specific needs. UnifyApps understands that you need a holistic approach to achieve trusted, effective AI agents, said ICONIQ Growth General Partner Matt Jacobson. By aligning every data source and application to an enterprise use, they are enabling AI to actually understand and orchestrate work. We are proud to be working with UnifyApps co-founder and CEO Pavitar Singh again, as we believe he deeply understands what is required for the largest enterprises to address their data fragmentation problems to achieve amazing results. In conjunction with the new funding, UnifyApps has welcomed Haitham ElKhatib as the company's new Chief Revenue Officer and co-founder. Prior to joining UnifyApps, ElKhatib served as the Senior Vice President of Sales for Growth Markets at Sprinklr. His proven track record in scaling enterprise software companies will be instrumental in accelerating UnifyApps' market penetration and revenue growth. UnifyApps is deeply grateful for the opportunity to work with ICONIQ Growth, a team that is unrivaled in their ability to uplift the next big players in SaaS, said Pavitar Singh, CEO and co-founder of UnifyApps. Their deep network and partnership will be instrumental in our next stage of growth as we bring our AI agent platform to enterprises everywhere. UnifyApps has gained significant traction with early customers, including one of the leading banks, a leading telecommunications provider, and a leading security company, amongst many others. The customer momentum underscores the pressing demand for solutions that simplify and accelerate AI adoption within an enterprise. As a result of this success, the company has experienced rapid growth, expanding its team to over 150 employees and establishing new offices in Gurgaon, Dubai and New York. About UnifyApps UnifyApps is a cutting-edge Unified Enterprise AI Agent Platform, revolutionizing how enterprises connect disparate applications and enable AI agents across departments. Founded in 2023 by Pavitar Singh along with a team of visionary co-founders " Abhishek Khurana, Rachit Mittal, Sumeet Nandal, Haitham Elkhatib, Abhinav Singi, Rahul Anishetty, Kavish Manubolu, Shivam Satrawal, and Rohan Vijay " UnifyApps operates globally with headquarters in India, Dubai, and the United States. The platform empowers enterprises to reduce fragmented systems and bridge data silos by enabling teams to develop data pipelines, automate workflows, build enterprise-grade applications, and deploy AI Agents. Designed for enterprise scalability, complexity and security, UnifyApps is at the forefront to accelerate benefits of AI to every department in an enterprise.

UnifyApps Bags $20 Mn To Expand Its AI Enterprise Play

Earlier in May, the startup secured $11 Mn in Seed round led by Elevation Capital Software integration startup UnifyApps has raised $20 Mn ( around INR 168.7 Cr) in a Series A funding round led by ICONIQ Growth, along with participation from existing investors, including Elevation Capital among others. The fresh funds will be used to expand UnifyApps's enterprise AI agent platform while enabling deeper integration across software-as-a-service (SaaS) applications. Besides this, the company has roped in former SVP of sales at Sprinklr, Haitham ElKhatib, as cofounder and chief revenue officer. "The emergence of enterprise-grade generative AI capabilities is making proprietary data more valuable and highlighting this problem more loudly than ever. We believe Pavitar Singh and UnifyApps are building the central nervous system to deploy generative AI in the enterprise," ICONIQ Growth wrote in a blog post. ICONIQ Growth is a growth equity fund investing in B2B SaaS companies, it has already invested in companies like Airbnb, Uber and Snowflake. Founded by Pavitar Singh, Sumeet Nandal, Abhishek Kurana, Rachit Mittal, Abhinav Singi, Rahul Anishetty, Kavish Manubolu, Haitham Elkhatib and Shivam Satrawal, UnifyApps automates workflows and quickly connects various applications. It provides a unified integration platform that helps enterprises streamline their operations by enabling the creation of custom applications faster, automating complex workflows, and syncing data between applications in real-time. Additionally, it leverages advanced generative AI to develop specialised LLM-powered agents for optimised integrations. UnifyApps competes against Zoho, Freshworks, Chargebee, and Keka which offer similar solutions in the SaaS sector. Earlier in May, with the announcement of $11 Mn fundraising in a Seed round, the company also outlined that it aims to expand its platform to support over 5,000 applications, enhance the capabilities of generative AI, and develop agents powered by large language models. This comes at the heart of enterprise tech startups garnering huge interest of investors in recent times. For the period between 2014 and H1 of 2024, enterprise tech startups have secured a cumulative funding of $16 Bn across 1,847 deals. Notably, India boasts a robust enterprise tech ecosystem with over 1261 startups in the sector and has produced 22 unicorns in the likes of Postman, Freshworks, BrowserStack and others.

UnifyApp's AI-powered app integration platform grabs $20M from ICONIQ Growth | TechCrunch

These days, it seems like every company either wants to or is already offering an AI product or service. For startups building an AI product in this space, it's a really good time, but they aren't without their challenges -- the tech is still early, and though many companies are interested in trying generative AI solutions, they have been slow to adopt it. There are numerous reasons why, but what appears to be foremost is the fear of AI hallucinations. "You can't use [AI] in production for large enterprises if it lies," said Pavitar Singh, co-founder and CEO of UnifyApps. Singh feels his startup has a good solution for that: UnifyApps essentially connects a company's SaaS apps and data to each other, and lets companies build and deploy their own AI chatbots on top to interface with all the information. This approach, he says, serves to minimize AI hallucinations, because UnifyApps' agents can essentially vet each other's output based on the company's data. UnifyApps is new to an already crowded space -- bigwigs like Workato and Zapier already offer similar "unification" services, as do a slew of other startups. But Singh believes his startup's AI-focused approach gives it an edge because it bakes in the ability to build AI chatbots. "Enterprises can build any number of agents: They can help HR, sales, marketing, legal, or finance," he said. Companies may be hesitant to adopt generative AI, but UnifyApp has already attracted more than 20 customers, including one of the largest banks in the world and a big telecom provider, Singh said. Good traction is a great look for a young startup, and investors seem to agree. The company just raised a $20 million Series A funding round from ICONIQ Growth, less than six months after UnifyApp closed a $11 million seed round. Singh founded UnifyApps last year after spending over 11 years as a CTO of Sprinklr, a customer experience management platform for global brands, which went public in 2021. ICONIQ Growth doesn't have many early-stage startups in its portfolio, but in this case, the firm was well acquainted with Singh. "Pavitar was the mad scientist genius that was building all the incredible products for Sprinklr," said Matt Jacobson, a general partner at ICONIQ. ICONIQ had invested in Sprinklr's Series D in 2014, and Jacobson spent many years serving on the company's board. He says he was so impressed with Singh and what he was doing at UnifyApp, that he couldn't pass up investing in the startup. "Stakes have gotten much higher with AI applications," Jacobson said. UnifyApp has 150 employees across offices in Gurgaon, Dubai and New York. As for why the company has such a big team, Singh said UnifyApp wants to ensure its product is flawless so that large enterprises can "adopt it safely."

UnifyApps reels in $20M for its AI-powered application platform - SiliconANGLE

UnifyApps reels in $20M for its AI-powered application platform UnifyApps, a new startup with a suite of software development tools for enterprises, has secured $20 million in funding. TechCrunch reported the investment today. It's described as a Series A round led by ICONIQ Growth. UnifyApps raised $11 million in seed funding a few months earlier. Founded last year, UnifyApps provides a software suite that companies can use to automate repetitive business chores, build custom applications and perform related tasks. Several of the toolkit's features are powered by artificial intelligence. Additionally, it includes capabilities that enable customers to build AI tools of their own. The first component of UnifyApps' product suite, Unify Automations, enables users to create software workflows for automating business tasks. The tool is accessible through a ChatGPT-like interface. Workers can describe a task in natural language and have the underlying AI automatically generate a workflow that automates it. UnifyApps has equipped the offering with several features designed to reduce the risk of technical issues. According to the company, there's a testing tool that enables users to check an automation workflow for bugs before deploying it. A so-called circuit breaker feature can interrupt workflows immediately after a malfunction emerges to prevent the error from cascading to other systems. Unify Automations is designed to integrate with a company's existing applications. A sales team, for example, could create a workflow that syncs deal opportunities from Excel spreadsheets to a MongoDB database. The software also integrates with marketing tools, project management applications and other services. If a company can't efficiently perform a certain task using its existing applications, it can build a new one using the second component of UnifyApps' software suite. Unify Applications allows users to create simple programs through a no-code interface. The offering provides prepackaged interface elements, as well as connectors that enable a user-developed application to ingest data from external sources. Companies seeking to automate complex tasks can use UnifyApps' software to build AI agents. Those are large language models optimized for a specific use case. UnifyApps can give LLMs access to information in a company's internal systems, block malicious prompts and detect hallucinations. Rounding out the software maker's product suite is an offering called Unify Data. It's designed to help customers manage the information used by their applications. The software can sync data between workloads, modify the records being transferred and detect any errors that may emerge during the process.