Jungle Ventures, Softbank's DeepCore Invest $29.5 Mn In Software Marketplace Engineer.ai

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 Dev 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. With over $24M in gross revenue and customers that include BBC, Virgin Group and the San Francisco Giants, Engineer.ai