Engineer.ai raises Series A of $29.5 Million from Lakestar, Jungle Ventures and Softbank’s DeepCore

“Engineer.ai, the human-assisted AI that helps companies build and operate custom-made software, has raised Series A funding of $29.5 million, led by Lakestar and Jungle Ventures with participation from Softbank’s DeepCore.
Led by serial entrepreneur Sachin Dev Duggal, Engineer.ai was created with the belief that everyone should be able to build their ideas without needing to code, and that any idea can be brought to life without wastage of time, money or resources.
The company’s newly launched product called ‘Builder’ is an AI-powered Software Assembly line that breaks projects into small building blocks of re-usable features that are customised by engineers for bespoke software “at a fraction of the price and time of traditional development”, it claims.
Engineer.ai also provides fully integrated service to its customers from extended warranty via BuilderCare to the CloudOps marketplace that provides access to everything the software might need, including hosting, microservices and marketing.”

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