Engineer.ai has raised one of Europe's largest Series A investments at $29.5 million, led by Lakestar and Jungle Ventures, with participation from SoftBank's DeepCore. The round is among Europe's largest A-rounds to date.
Engineer.ai's "Builder" product breaks projects into small "building blocks" of re-usable features that are customized by human engineers all over the world, making the process cheaper than the average process.
Sachin Dev Duggal, founder, said in a statement: "We created Engineer.ai so that everyone can build an idea without learning to code. This investment round validates our approach of making bespoke software effortless. 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."
Sachin Dev Duggal added: "At a certain level we compete with Gigster albeit we have really taken a very different approach (assembly line and buying excess capacity from over 100 Dev shops in 10 timezones) whereas they are a modern-day consulting shop. This means we have massive scale with access to 32,000 devs and designers, we have over 500 building blocks that save our customers paying for features (code and designs) that we have already done. The dev shops thus also don't compete with us as we buy capacity from them and will soon be offering them a way to partner on goto market."
Read Here: https://techcrunch.com/2018/11/06/engineer-ai-raises-29-5m-series-a-for-its-aihumans-software-building-platform/
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Engineer.ai
Short StoryEngineer.ai is a human-assisted AI that empowers everyone to independently build and operate tech products through two products that work together to be their virtual engineering team. Engineer.ai is on a mission to turn ideas into developed product...
