Engineer.ai, a Los Angeles, UK- and London, UK-based human-assisted AI that allows users to build and operate bespoke software, raised $29.5m in Series A funding.
The round was led by Lakestar and Jungle Ventures with participation from Softbank’s DeepCore.
Led by Sachin Dev Duggal, Founder and CEO, Engineer.ai provides an AI-powered Software Assembly line that breaks projects into small building blocks of re-usable features that are customized by elastic human capacity from around the world, delivering software at a fraction of the price and time of traditional development. The company provides an integrated service to its customers from extended warranty via BuilderCare to the CloudOps marketplace that gives access to everything the bespoke software might need (hosting, microservices, marketing, etc.).
The market opportunity for Engineer.ai spans the solopreneur to small and medium businesses, providing a completely scalable way to develop software products.
Launched in June 2018, Engineer.ai serves hundreds of customers across many geographies, from e-commerce and m-commerce platforms, to social apps, who have used Builder to create products like BBC, DiditFor, Virgin, Manscore, and ZikTruck.
The company has bootstrapped to $24m in revenue and is set to cross the $100M revenue mark before the end of 2020.