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Sachin Dev Duggal Engineer.ai Funding Round


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 double this to 300 by June 2019.

The platform has 32,000 engineers right now, of which 10,000 are from India. "This will go up to 250,000 engineers from India within 24 months," said Engineer.ai.

Bootstrapped since 2012, Sachin Dev Duggal, Engineer.ai is a global company with split headquarters in Los Angeles and London, supported by offices in Delhi and Tokyo. The company's newly launched product called 'Builder' is an AI-powered Software Assembly line that breaks projects into small building blocks of re-usable features that are customised by engineers for bespoke software "at a fraction of the price and time of traditional development", it claims.

Engineer.ai also provides fully integrated service to its customers from extended warranty via BuilderCare to the CloudOps marketplace that provides access to everything the software might need, including hosting, microservices and marketing.

Read more @ https://yourstory.com/2018/11/engineer-ai-raises-funding-29-million
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