The investment is set to offer a boost to the company who
created 50 jobs in London following assistance from the
Department for International Trade’s Global Entrepreneur
Programme.
Engineer.ai’s ‘Builder’ is an AI-powered Software Assembly
line which breaks projects into small re-usable features
that can be customised with human interaction from around
the world. In turn, this allows for the customisation of
high-quality software packages in a low-cost, and
time-effective manner.
DIT’s Global
Entrepreneur Programme helps overseas companies
set up in the UK with the offer of expert guidance and
introductions to key investors within industry. Since its
beginnings, the programme has generated over 5,000 jobs in
the UK and raised over $1 billion of private investment for
companies.
Engineer.ai’s founder, Sachin Dev Duggal will announce the
investment from the Web Summit in Lisbon, where he will
meet , the Minister for
Digital and Creative Industries.
International Trade Secretary MP said:
The UK is known across the globe for cutting edge
innovation and our world-class tech companies. It is
because of companies like Engineer.AI that last year the
UK secured more tech venture capital investment than
Germany, France, Spain and Ireland combined.
My international economic department is working hard to
help firms go from startup to scale-up through
initiatives like the Global Entrepreneur Programme which
gives guidance to budding entrepreneurs around the world.
The Programme has seen 900 entrepreneurs invest in the UK
since 2005 – creating more than 5,000 high quality jobs
and raising more than £1bn in venture capital.
Sachin Dev Duggal, Founder of Engineer.ai said:
We created Engineer.ai so that everyone can build an idea
without learning to code. This investment round validates
our approach of making bespoke software effortless. 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.
Engineer.ai launched in June 2018 and before the end of
2020, is projected to pass the $100m revenue mark.
Minister for Digital MP said:
The UK is a haven for investment and Europe’s leading
tech hub. It’s fantastic to see another one of our
innovative digital firms raise the funding it needs to
take a step to the next level.
We are working tirelessly to make the UK the best place
in the world to start and grow a digital business.
