Engineer.ai Has Bootstrapped To $24 Million in Revenue

Engineer.ai, a human-assisted artificial intelligence platform, said it has secured $29.5 million (about Rs 210 crore) funding led by Lakestar and Jungle Ventures with participation from Softbank’s DeepCore.

The funds will be utilized for strengthening engineering operations and customer acquisition, Sachin Dev Duggal, Founder and Chief Wizard of Engineer.ai, said.

Engineer ai was created so that everyone can build an idea without learning to code, he added.

“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,” he said.

Launched in June 2018, Engineer.ai has already attracted hundreds of customers across many geographies.

Its ‘Builder’ solution allows people — even those without technical skills — to get customised apps built for Android, iOS and other platforms.

Asia Pacific region mainly India, MENA, South East Asia including China are key focus areas for Engineer.ai to expand their presence into, building a stronger base for all ‘Builder’ offerings, the company said.

Read Full Article @ https://www.moneycontrol.com/news/business/startup/engineer-ai-raises-29-5-mn-from-softbanks-deepcore-and-others-3197781.html

Engineer.ai | Human-assisted AI Empowers Independent Tech Product Developers

Ever since the world got introduced to Artificial Intelligence, it has created a storm in the virtual world with its disruptive impact on businesses. With every software developer looking to leverage the technology, the lack of developmental know how, availability of a proper platform to create an end-to-end application and scalable way to develop software products have halted their steps.

In such a situation, Engineer.ai, a human-assisted AI comes in as a savior by making technology accessible to everyone, even those who don’t know how to develop. The startup helps companies build and operate custom-made software by lending an on-demand cloud-based Assembly Line. It recently raised Series A funding of $29.5 million, led by Lakestar and Jungle Ventures.

The funding round also witnessed the participation from DeepCore — Softbank’s AI-focused investment fund. Talking to Entrepreneur India, the Founder and Chief Wizard of Engineer.ai, Sachin Dev Duggal shared, “We are selling products to our customers that they want to create. Our business model consists of three important pillars: Builder, Builder app insurance called BuilderCare and CloudOps.

Read Full Article @ https://www.entrepreneur.com/article/324204