7 years ago

Engineer.ai Secures $29.5 Million Series A Funding Led by Lakestar and Jungle Ventures

  • Engineer.ai, a Los Angeles, UK- and London, UK-based human-assisted AI software development platform, has raised $29.5 million in Series A funding led by Lakestar and Jungle Ventures, with participation from Softbank's DeepCore

  • Engineer.ai's AI-powered Software Assembly line breaks projects into reusable features, customized by a global team of engineers, delivering software at a lower cost and faster time than traditional development

  • The company serves hundreds of customers across various geographies, including e-commerce, m-commerce, social apps, and has achieved $24 million in revenue

  • Engineer.ai plans to reach $100 million in revenue by the end of 2020.

      • ProblemTechnology

      "Building bespoke software is expensive and time-consuming, especially for small and medium businesses."

      Solution

      "Engineer.ai offers an AI-powered Software Assembly line that breaks projects into small building blocks, allowing for rapid development and deployment at a fraction of the cost. They provide an integrated service with everything from extended warranty to cloud services."

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