Engineer.ai raises Series A of $29.5 Million

Led by serial entrepreneur Sachin Dev Duggal, Engineer.ai will use 65 percent of the fresh capital for engineering and rest for customer acquisition.

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.

Sachin Duggal, Co-founder and Chief Wizard of Engineer.ai. said, “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 company will use 65 percent of the fresh capital for engineering purposes and the rest for customer acquisition, it said in a statement. The current headcount in the company is 150 across the globe, and the company claimed that it will double this to 300 by June 2019.

The platform has 32,000 engineers right now, of which 10,000 are from India. “This will go up to 250,000 engineers from India within 24 months,” said Engineer.ai.

Read full story @ https://yourstory.com/2018/11/engineer-ai-raises-funding-29-million

Engineer.ai eyes India expansion with $29.5 Mn from Lakestar and SoftBank

Human-assisted artificial intelligence platform Engineer.ai has raised $29.5 million in a funding round led by Lakestar and Jungle Ventures with participation from Softbank’s DeepCore.

The startup with global presence including offices in Los Angeles, London, Delhi NCR, Mumbai, and Tokyo will use the capital to go deeper in engineering operations and drive customer acquisition.



Besides, the Sachin Dev Duggal led company is also planning to expand its operations in the Asia Pacific region, especially India, South East Asia including China.

Touted as the low code no code AI platform, Engineer.ai enables budding entrepreneurs to order their own app at a low price from a network of 50 software firms and 10,000 developers.

Engineer.ai’s ‘Builder’ solution allows companies to get customised apps built for Android, iOS and other platforms. Its customers include Eros Now, Videocon, HSBC, SF Giants, Deutsche Bank as well as a slew of startups and entrepreneurs in India.

Read full story @ https://entrackr.com/2018/11/softbank-jungle-ventures-fund-engineer/

Softbank’s DeepCore Invest In Software Marketplace Engineer.ai

Engineer.ai is an LA-based startup which builds bespoke software. Company to focus on APAC region, MENA, and South East Asia. Set to cross the $100M revenue mark before the end of 2020.

Engineer.ai, which uses Artificial Intelligence to help small and mid-sized organisations build their own bespoke software (custom or tailor-made software), has raised a Series A investment of $29.5 Mn, led by Lakestar and Jungle Ventures. The funding round also saw participation from DeepCore — Softbank’s AI-focussed investment fund.

Founded by Sachin Duggal and Saurabh Dhoot in 2012, Engineer.ai is a global company with split headquarters in Los Angeles and London, supported by offices in Delhi and Tokyo. The startup was formerly known as SD Squared and was rebranded to Engineer.ai. in June 2018.

Read full story @ https://inc42.com/buzz/jungle-ventures-softbanks-deepcore-invest-29-5-mn-in-software-marketplace-engineer-ai/

Engineer.ai raises funds from Softbank's DeepCore and others

Engineer.ai has bootstrapped to $24 million in revenue. The company is set to cross the $100 million revenue mark before the end of 2020.

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 utilised 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," Sachin Duggal 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.

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

Sachin Dev Duggal favourite - Michael Jackson and 'Darkest Hour'

When Sachin Dev Duggal was asked to pick some of his favourite things:

Music

Michael Jackson, salsa music and things with a beat that I can sing along to. I grew up with a love for dancing and anything that has a great beat is awesome.

Gadget

Bragi headphones as they are waterproof. Sachin Duggal swim with them on. He said when I did my triathlon, they were critical in keeping me focussed.

Book

Losing My Virginity by Richard Branson. He remains a mentor, a friend and this book was what really captivated me about him from the word go.

Cuisine

Lebanese and biryani. But, my mom’s is probably still the best.

Movie

'Justice League' and 'Darkest Hour'. I feel they had a combination of being futuristic as well as delving into history.

Read full story @ https://economictimes.indiatimes.com/magazines/panache/michael-jackson-and-darkest-hour-are-sachin-dev-duggals-favourite-things/articleshow/63497942.cms

Nivio Completes Your Apple, Sachin Dev Duggal

Nivio Offers Windows + Office and Your Favorite Apps on Any Connected Device

Sachin Dev Duggal is Nivio Co-Founder & Chief Wizard. Currently he is CEO of Engineer.ai

Nivio, a global start-up with roots in India, today announced beta registration for a fully functional Windows desktop from the Cloud for users in the United States. This marks a significant milestone in the growth plans of the Gurgaon-based company as it expands globally. On nivio, users have access to an App-Store where they can rent applications, such as the complete Microsoft productivity suite, and take advantage of 10GB of upgradeable, free synchronized storage. nivio is accessible from any iOS, Android, Mac, Windows or Linux device, including iPads, Android tablets, PCs and laptops.

Founded in 2004 by Sachin Dev Duggal and Saurabh Pradeep Dhoot, nivio is determined to transform the complex cloud computing technology of today into something that is relevant for everyday. Awarded the prestigious Technology Pioneer Award in 2009 by the World Economic Forum, nivio is bringing the magic back to computing with easy to use, inexpensive software for any device. Sachin and Saurabh launched the world's first Windows-based Online Desktop in 2007. Today, nivio has over 100 employees in its four offices located in India, the UK, USA and Australia.

Read full story @ https://www.businesswireindia.com/nivio-completes-your-apple-get-windows-and-office-on-your-favorite-device-29926.html