Enterprise software developing company Locofy.ai raises $3 million in its recently held pre-seed funding round led by Accel, January Capital, Golden Gate Ventures, and Boldcap.
Angel investors and tech founders from Ola, Hasura, Holistics, Wego, GajiGesa, 1Bstories, Ohmyhome, CyberSierra, Wekan, and Canva’s former Head of Growth were among those that participated in the round.
According to Locofy.ai, it plans to use the freshly raised funds to expand its engineering and data science teams to accelerate product development.
Abhinav Chaturvedi, a partner at Accel India, said, “It takes an enormous amount of time and bandwidth of the frontend team to translate sparkling designs into precise code.”
He further added that Locofy.ai would address this issue by delivering high-quality translation and dynamic variable flexibility. Additionally, Locofy.ai also launched its global beta program and has already automated over two million lines of code.
Locofy.ai says that a shortage of qualified technical personnel has become a global issue that the COVID-19 pandemic has exacerbated. Using high-productivity low-code development platforms like Locofy.ai, companies are solving this problem.
The newly generated funds will allow Locofy.ai to further enhance the capabilities of its platform. Interested users can visit Locofy.ai’s official website to try out the company product for free.
Singapore-based software startup Locofy.ai was founded by Honey Mittal and Sohaib Muhammad in 2021. The firm specializes in providing a service that converts designs into code. The unique solution lets developers and designers work faster with its low-code platform that translates designs to production-ready code.
The goal of Locofy.ai is to eliminate engineers’ routine tasks without adding complexity by automating 50% or more of the present workflow, beginning with frontend code.
“Overtook an army of good developers to build world-class products like Airbnb and Uber. We believe that will look very different in the next decade,” said co-founder and CEO of Locofy.ai Honey Mittal.