Engineer.ai raises USD $29.5 Million Series A

Engineer.ai, the human-assisted AI that empowers everyone to build and operate bespoke software, announced that the company raised a large Series A investment at USD$29.5 million, led by Lakestar and Jungle Ventures with participation from Softbank’s DeepCore.

Engineer.ai’s Builder is 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 high quality bespoke software at a fraction of the price and time of traditional development.

Engineer.ai goes beyond just building software, providing a fully integrated service to its customers from extended warranty via BuilderCare to the CloudOps marketplace that provides access to everything the bespoke software might need (hosting, microservices, marketing, etc.).

“We created Engineer.ai so that everyone can build an idea without learning to code,” said Sachin Dev Duggal, founder and chief wizard of Engineer.ai. “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.”

The market opportunity for Engineer.ai spans the solopreneur to small and medium businesses, providing a completely scalable way to develop software products.