Refold AI (formerly known as Cobalt), an enterprise-focused AI integration platform, has secured $6.5 million in seed funding, co-led by Eniac Ventures and Tidal Ventures, with additional support from Better Capital, Ahead VC, Karman Ventures, Z21, and a group of notable angel investors. The company plans to use the fresh capital to expand its engineering team, enhance product capabilities, and support a rapidly growing enterprise client base.
Refold has seen rapid adoption, currently serving over 30 enterprise customers including names like Incorta and Naehas. In just two months, the platform has doubled in growth, now powering 1,500+ active users and handling over 30 million API calls monthly. Its annual recurring revenue (ARR) is already in the seven-figure range.
Founded by the creators of JustDoc (which was acquired by Reliance), Refold AI is reimagining enterprise integration by replacing traditional middleware with autonomous AI agents. These agents are capable of learning system behaviors, generating and maintaining integration code, and adapting to evolving workflows—minimizing the need for external consultants and manual intervention.
The platform is currently being used to power ERP-to-CRM integrations, financial automation, and supply chain process optimization. This shift toward intelligent agents allows enterprises to automate complex workflows with scalability and minimal friction.
Operating with teams in both San Mateo and Bengaluru, Refold aims to grow its headcount from 20 to 30 employees by the end of the year. The company’s broader vision is to become the “invisible logic layer” for enterprise AI stacks, seamlessly enabling communication and coordination between disparate systems.
By leveraging reasoning capabilities and reinforcement learning, Refold is positioned to transform how companies approach integration—moving from static middleware to dynamic, self-learning AI agents.
“Our goal is to eliminate integration complexity entirely and make enterprise systems work together autonomously,” said the founders.
With this latest funding, Refold AI is poised to scale its offering and further solidify its position at the intersection of enterprise automation and artificial intelligence, helping companies streamline operations and accelerate innovation.
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