Locofy.ai, an enterprise software company, has received $3 million in investment from Accel and January Capital
- ByStartupStory | March 22, 2022
Locofy.ai, an enterprise software company, has raised $3 million in a funding round led by Accel, January Capital, Golden Gate Ventures, and Boldcap, according to a press statement.
The funding will be used to increase the engineering and data science teams at the firm, which provides solutions to speed developers and designers with its low-code platform that converts designs to production-ready code.
The round included angel investors and tech founders from Ola, Hasura, Holistics, Wego, GajiGesa, 1Bstories, Ohmyhome, CyberSierra, Wekan, and Canva’s former Head of Growth.
Locofy.ai was founded in 2021 by Honey Mittal and Sohaib Muhammad with the goal of automating 50% or more of the current workflow, starting with frontend code, allowing teams to convert their designs to code and an interactive and responsive live prototype (that runs on code) without writing a single line of code.
Locofy.ai recently launched its global beta program and has already automated over two million lines of code. Furthermore, according to the business, a global shortage of skilled tech skills exists, which has only gotten worse amid the Covid-19 outbreak.
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