‏إظهار الرسائل ذات التسميات IPaaS. إظهار كافة الرسائل
‏إظهار الرسائل ذات التسميات IPaaS. إظهار كافة الرسائل

Refold AI Emerges from Stealth with $6.5M Led by Eniac Ventures and Tidal Ventures

Refold AI Emerges from Stealth with $6.5M Led by Eniac Ventures and Tidal Ventures

Enterprise software runs on APIs but connecting those APIs remains frustratingly manual. Every new workflow, system upgrade, or edge case spawns new tickets. Every year enterprises pay $350B to big consultancies and systems integrators to ensure API’s work smoothly. Refold AI aims to end this tax on business with a platform that removes API complexity into repeatable, productized software with AI.

Refold AI, a new startup rethinking integrations from the agent up, is coming out of stealth with $6.5M in funding and a platform that replaces outsourced service work with AI-native infrastructure.

The $6.5M round in seed funding is co-led by Eniac Ventures and Tidal Ventures with participation from Better Capital, Ahead VC, Karman Ventures, Z21 and other notable angels.The company will use the new capital to expand its engineering team, deepen product integrations, and support its growing enterprise customer base.

The company currently works with over 30 paying enterprise customers, including Incorta and Naehas, has grown 2X in two months, supporting more than 1,500 active users and processing 30+ million API calls per month, with ARR already in the seven figures.

Refold AI was founded by the team behind JustDoc (acquired by Reliance), who experienced the problem firsthand inside massive SAP environments where a single field change triggered days of downtime and six-figure escalations. “We were spending more time managing chaos than building software,” said Jugal Anchalia, Refold’s co-founder and CEO. “We started Refold with a simple idea: integrations are repeatable and cumbersome, it should not need humans.”

As we enter the agentic era, enterprise integrations stand out as one of the most compelling and valuable use cases. For decades, companies have burned billions on brittle, bloated workflows. Refold has rebuilt the stack from the ground up to make integrations seamless and intelligent, and the market is already catching on” said Hadley Harris, Founding General Partner at Eniac Ventures.

Nicholas Muy, Venture Partner at Tidal Ventures added: "Finally, someone is fixing the most broken part of enterprise software. For decades, we've been patching integrations with expensive consultants and manual work. Refold's AI agents don't just patch the problem—they eliminate it. This is a fundamental leap forward."

Refold flips the traditional playbook. Instead of hiring teams or middleware to maintain system connections, companies can deploy Refold’s autonomous agents – small AI programs that learn how systems interact, write and maintain integration code, and adapt automatically as software changes. The platform is already being used to manage ERP-to-CRM syncs, finance automation, and mission-critical supply chain flows across its early customer base.

We’re not building another workflow tool,” said Abhishek Kumar, co-founder & CTO of Refold.We’re replacing the consultant economy with agents that learn and scale. In the future, integrations should be free, fast, and invisible.”

While legacy iPaaS tools offer templates and global consultancies bill by the hour, Refold turns every edge-case request into a repeatable, productized agent. The platform’s incentives are flipped: it profits not by extending complexity, but by eliminating it. At its core, Refold combines reasoning and reinforcement learning to enable agents that make decisions.

Refold’s agents have already delivered real results. In production, they’ve automated reconciliation in finance workflows, unified inventory and order systems for supply chains, and built real-time data sync pipelines across ERP and CRM stacks. Previously, these were multi-quarter projects. Refold ships them in days and maintains them without tickets.

With a 20-person team across San Mateo and Bangalore and plans to grow to 30 by year-end, Refold is now focused on deepening its enterprise integration catalog and pushing toward zero-friction deployment.

As enterprises modernize their AI stacks, Refold aims to be the invisible logic layer that makes it all work - quietly, and autonomously.

About Refold


Refold AI

Refold AI is an AI-native integration platform that turns enterprise connectivity from a services bottleneck into a software superpower. By combining autonomous agents, memory-based orchestration, and secure edge deployment, Refold enables teams to go from integration requests to live workflows in hours instead of months. Founded by operators who lived the pain of integration firsthand, Refold AI is backed by Eniac and Tidal and operates globally from the Bay Area and Bangalore.

IBM to Acquire Silver Lake-owned Software AG's Products – StreamSets and webMethods, for €2.13 Bn in Cash

IBM to Acquire Silver Lake-owned Software AG's Products StreamSets and webMethods for €2.13 Bn in Cash

  • Acquisition deal Accelerates watsonx Data Ingestion Capabilities; Creates a Leading Application Modernization and Integration Platform
  • €2.13 billion Acquisition Demonstrates IBM's Continued Focus on Strategic M&A to Create Value and Bolster AI and Hybrid Cloud Offerings
IBM today announced that it has entered into a definitive agreement with Germany's Software AG (FRA: SOW), a company majority owned by US-based Private Equity firm Silver Lake, to purchase StreamSets and webMethods, Software AG's Super iPaaS (integration platform-as-a-service) enterprise technology platforms, for €2.13 Billion (~ US$2.32 Billion) in cash.

In June this year, US-based private equity firm Silver Lake outbid Bain Capital to acquire a majority holding in Software AG after increasing its stake in the software development specialist to 63%, in a deal valued at 2.4 billion euros. Founded in 1969, Software AG is a German multinational software corporation that develops enterprise software for business process management, integration, and big data analytics. 

Products of Software AG — StreamSets and WEBMETHODS, are among the technology leaders in application integration, API management, and data integration. IDC predicts the worldwide integration software market will exceed $18.0 billion in 2027 at a compound annual growth rate (CAGR) of 16.1%.

The acquisition of StreamSets and webMethods is further evidence of IBM's deep focus and investment in AI and hybrid cloud. StreamSets will add data ingestion capabilities to watsonx, IBM's AI and data platform, while webMethods will give clients and partners additional integration and API management tools for their hybrid multi-cloud environments.

The core offerings include:
  • StreamSets - a cloud-native DataOps and data ingestion platform which allows enterprises to achieve consistent access and delivery of data across a wide spectrum of data sources and types. StreamSets also facilitates the design of smart data pipelines and the ingestion of real-time and batch data.
  • webMethods - an integration and API management platform. The integration platform, deployed both on-prem and in the cloud, offers B2B integration, managed file transfer, and provides a modern API gateway to manage, monitor, and monetize APIs.
Software AG's Super iPaaS platform is growing, profitable and has a significant recurring revenue profile. StreamSets and webMethods serve more than 1,500 clients across the globe.

"Together with IBM's watsonx AI and data platform, as well as its application modernization, data fabric and IT automation products, StreamSets and webMethods will help clients unlock the full potential of their applications and data. This powerful combination helps drive innovation while preparing businesses for AI, no matter where applications or data reside," said Rob Thomas, Senior Vice President, Software and Chief Commercial Officer, IBM. "Today's news will give IBM clients and partners one of the most modern and comprehensive application and data integration platforms in the industry."

The pending acquisition follows a more than 20-year relationship between IBM and Software AG, with both StreamSets and webMethods expected to drive synergy with IBM's current portfolio, including watsonx, Red Hat, the company's IT automation products, as well as IBM Consulting. Additionally, StreamSets and webMethods are expected to benefit from IBM's global scale, operating in more than 175 countries.

"IBM is the ideal home for webMethods and StreamSets, the products at the heart of our Super iPaaS vision," said Sanjay Brahmawar, Chief Executive Officer of Software AG. "Combined with IBM's global scale and focus on hybrid cloud and AI, our people will have a fantastic opportunity to develop while helping enterprises everywhere get the most out of their applications and data."

"We believe that there is no business more iconic or better suited than IBM to continue investing in and growing these great platforms," said Christian Lucas, Chairman of the Supervisory Board of Software AG and Managing Partner of Silver Lake. "The opportunity to bring the StreamSets and webMethods teams together with IBM to innovate in building the future of hybrid cloud and next-generation AI solutions for the enterprise is uniquely compelling. We are pleased that our investment in Software AG helped spark that vision, reflecting Silver Lake's commitment to partner with the world's best management teams and technology leaders in driving exceptional value creation for customers, employees and other stakeholders."

StreamSets and webMethods will be acquired with available cash on hand. The consummation of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in the second quarter of 2024.

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