AI startup UnifyApps raises $50 million in funding round led by WestBridge Capital, appoints Ragy Thomas as co-CEO.

UnifyApps, a startup focused on automating corporate systems and routine tasks, has successfully completed a $50 million funding round led by WestBridge Capital. This Series B financing values the company at approximately $250 million, according to insiders.

The funds will be directed towards expanding UnifyApps' workforce by adding 110 new employees to its existing team of 400, enabling the company to accelerate its platform development and broaden its presence in Europe.

In a strategic move, Ragy Thomas, an early investor, has been appointed as chairman and co-CEO, aiming to steer the company's future growth. Thomas remarked on the opportunity, stating the funding will enhance their capability to meet demand in automation solutions for claims processing and beyond.

AI startup UnifyApps has secured $50 million in a funding round led by WestBridge Capital, boosting its valuation to approximately $250 million. The company also appointed Ragy Thomas as chairman and co-CEO to further its mission of automating corporate tasks like claims processing.