Ceo Journal

This video interview series called "How I Raised It" goes behind the scenes with startup founders who have raised capital. This interview is with CEO Sachin Duggal Engineer.ai a Santa Monica based startup that provides a human-assisted AI platform to build custom software and mobile products. Engineer.ai raised a $29.5 million Series A venture round from from Lakestar and Jungle Ventures along with Deepcore. Sachin Duggal talks about raising capital for a startup whose "front end is SaaS and back end is a marketplace," some of the fundraising false starts Sachin Dev Duggal Engineer AI encountered, why he believes the funding success formula is made up of "purpose + persistence" and more.  How I Raised It is produced by Foundersuite.com

Sachin Dev Duggal Engineer AI Led by serial entrepreneur Sachin Dev Duggal Engineer.ai is a software platform that enables its customers to build, run and scale ideas. As of 2019, Builder has over 500 clients globally and an approximate annual revenue of $43M. In a candid conversation with Express Computer’s Gairika Mitra, the founder spills the beans on how technology has heralded a massive upswing in businesses. How do you think this sector is going to upsurge in the near future? India has established approximately 48 million small businesses over the past decade, nearly double the number of the US. However, unlike the US, most businesses in India are hesitant to invest in digital transformation due to a lack of tech expertise, resources or both. For a country like India, that is the fastest-growing trillion-dollar economy in the world and the fifth-largest overall, a necessary shift to stay competitive is the democratisation of software development so that ideas can trans...

Engineer.ai, the human-assisted AI that helps companies build and operate custom-made software, has raised Series A funding of $29.5 million, led by Lakestar and Jungle Ventures with participation from Softbank's DeepCore. Led by serial entrepreneur Sachin Dev Duggal Engineer.ai was created with the belief that everyone should be able to build their ideas without needing to code, and that any idea can be brought to life without wastage of time, money or resources. Sachin Dev Duggal, Co-founder and Chief Wizard of Engineer.ai. said, "The capital comes at a time of rapid growth and will propel the platform into the mainstream, allowing Builder to open the door for entire categories of companies that could not consider it before." The company will use 65 percent of the fresh capital for engineering purposes and the rest for customer acquisition, it said in a statement. The current headcount in the company is 150 across the globe, and the company claimed that it will dou...

Sachin Dev Duggal Engineer AI is a London-born serial entrepreneur who has experience of building businesses in the UK, US and India. Currently CEO and founder of Engineer.ai, he has also previously founded companies such as Nivio and Shoto. Q.What was the most valuable piece of career advice that you received? A. Just recently, I learned about the realities of rapidly scaling a company. When you go from 10 people to 200 people, you go from having an answer, to having the process to have the answer, to having the people that know the process to having an answer. Now, when you go through that double quick, you have zero time to acclimatise to that shift and that's challenging. Because when you, as the co-founder, know it so well that the process and the answer is all in one split second, it gets frustrating why problems don't get solved in bigger teams as quickly. It is also why young companies work so much faster...because the process and the answer there is the same thi...