Professional Role and Company Overview
Jugal Anchalia is the Co-Founder and CEO of Refold AI, formerly known as Cobalt, a company specializing in AI-native enterprise software integration. Refold is headquartered in the San Francisco Bay Area and Bangalore, India. The company was founded in 2023 by Jugal Anchalia and Abhishek Kumar. Refold’s mission is to revolutionize enterprise integrations by making them seamless and invisible, enabling enterprises to innovate without integration bottlenecks. The company focuses on automating API integrations using AI agents that handle complex workflows, navigate legacy systems, and eliminate manual integration hurdles.
Refold targets the vast $350 billion annual market spent by enterprises on manual software integrations. The platform supports 1000+ enterprise connectors and enables integration delivery that is 75% faster, which caters primarily to leading SaaS vendors and enterprises looking to scale AI-powered automation.
Company Achievements and Market Position
- Refold successfully raised $6.5 million in seed funding from prominent investors including Eniac Ventures and Tidal Ventures as of August 2025.
- The company has been recognized in major industry publications such as Forbes, Fortune, Business Insider, YourStory, The Economic Times, and Entrepreneur, highlighting its innovation in reducing the "enterprise integration tax."
- Refold has been identified as a next-generation AI system integrator with production-ready solutions, trusted by a range of startups and established organizations.
- It holds several compliance and certification marks including SOC 2 Type II, ISO 27001, GDPR compliance, and HIPAA compliance, emphasizing a strong commitment to security and reliability.
Jugal Anchalia’s Professional Background
- Jugal holds an engineering degree from the Indian Institute of Technology, Kharagpur (IIT KGP).
- He has been recognized as a Forbes 30 Under 30 Asia honoree (2018) for his influence and leadership in healthcare innovation prior to his current venture.
- He has published academic research on financial market volatility, indicating a strong analytical background.
- Prior professional experience includes consulting roles and educational volunteer work, emphasizing a blend of technical and socio-economic interests.
- As a thought leader, Jugal actively contributes to Refold’s blog, authoring multiple posts on API integration best practices, ERP and accounting API management, reducing churn through integrations, and white-labeled integrations — supporting Refold’s positioning as an industry expert in software integration.
Expertise and Thought Leadership
- Jugal focuses on the intersection of AI and enterprise software integration, emphasizing automating the last mile of enterprise delivery—a critical pain point for organizations managing legacy and SaaS systems.
- His insights cover software integration testing, security authorization standards, and scalable integration strategies which reflect deep domain knowledge beneficial to enterprise clients.
- He is an active public figure with over 26,000 LinkedIn followers and maintains a presence on Twitter (@BonJugal), promoting Refold’s vision and innovations.
- He co-authored work on Asian stock markets’ responses to financial crises, indicating strong quantitative skills and a global perspective.
Organizational Values and Mission Statement (As Articulated by Jugal and Refold)
- Customer First: A strong commitment to delivering value and solving client pain points in integrations.
- Bold Builders: Emphasizes creativity and grit to solve tough problems.
- Operational Excellence: Prioritizes reliability alongside speed in software delivery.
The founders’ message explicitly notes that traditional enterprise integrations have been problematic for decades, forcing teams to compromise between speed and reliability. Jugal Anchalia leads Refold in leveraging AI to resolve that fundamental tradeoff.
Location and Contact Information
- Jugal Anchalia operates primarily out of San Mateo, California (Refold’s U.S. headquarters) and Bangalore, India (engineering hub).
- Refold’s U.S. office is located at 400 Concar Dr, San Mateo, CA 94402, with the Bangalore office at 1st Floor, 1502, 19th Main Rd, HSR Layout, Bengaluru, Karnataka 560102.
Summary of Relevant Insights
- As CEO and Co-Founder, Jugal Anchalia plays a pivotal role in Refold’s strategic vision, product innovation, and market positioning within the AI-driven enterprise software integration space.
- The company’s recent name change from Cobalt to Refold reflects an evolution toward more dynamic, AI-powered integration solutions.
- Refold’s successful seed funding and accelerated product adoption validate its market potential and operational momentum.
- Jugal’s academic and professional background, combined with public recognition and thought leadership, signals a technically sophisticated and visionary executive capable of driving transformation in enterprise integration.
- His consistent communication on integration technology trends, security, and automation reflects deep engagement with contemporary enterprise IT challenges.
This profile provides a comprehensive view into Jugal Anchalia’s leadership at Refold and his relevance as a key figure in AI-enabled enterprise integration innovation.
