How I Raised It with Sachin Dev Duggal of Engineer.ai

Produced by Foundersuite.com, "How I Raised It" goes behind the scenes with startup founders who have raised capital.

This episode is with Sachin Dev Duggal, CEO of Engineer.ai a Santa Monica based startup that provides a human-assisted AI platform to build custom software products.

Engineer.ai raised a $29.5 million Series A venture rounds in a deal led by Lakestar Advisors (Germany) Jungle Ventures (Singapore) and Deepcore (Japan).

In this episode, Sachin Dev Duggal talks about raising capital for a startup whose "front end is SaaS and back end is a marketplace," some of the fundraising false starts, why he believes the funding success formula is made up of "purpose + persistence" and more.

Read full story @ https://open.spotify.com/episode/0QbAUveHF8oA0vsSjnkvpk

Founder & CEO Of Engineer.ai Sachin Dev Duggal Talked About Budget

Being a global entrepreneur highly invested in the technology industry, with a zeal for AI, it’s excellent to hear the announcement from Finance Minister Piyush Goyal that India will create a National Centre for AI. Sachin Dev Duggal said considering the global market for AI is expected at around $190 billion by 2025, this puts Indian companies and organizations at the forefront of capturing the AI market. Well done.

Sachin Dev Duggal CEO of Engineer.ai said alongside a 2% interest subvention for loans to MSMEs, these actions can boost entrepreneurial development across India, which can continue to enhance the Indian economy. The idea of a strong, stable, entrepreneurial Indian economy will help retain and expand global investment capital, as well as increasing global operations across the country.

Read full story @ https://technuter.com/budget/post-budget-reaction-by-mr-sachin-dev-duggal-founder-chief-wizard-engineer-ai.html

Engineer.ai Partners With DigitalOcean

Engineer.ai partners with DigitalOcean's award-winning Developer Cloud to let SMBs build affordable custom software

Engineer.ai, the human-assisted AI that empowers everyone to build and operate bespoke software, announced today at the International Consumer Electronics Show (CES) in Las Vegas, that it has entered a strategic partnership with DigitalOcean, the cloud of choice for developers creating modern applications, globally.

The partnership provides small & medium businesses and developers a completely scalable way to create bespoke / made-to-order software products.  Engineer.ai's Builder platform is an AI-powered Software Assembly line that breaks projects into small building blocks of re-usable features customized by elastic human capacity (professional software engineers) from across the world. The result is high-quality custom software at a fraction of the price and time of traditional development. DigitalOcean's Developer Cloud provides a simplified app setup and deployment experience allowing developers to spend more time on innovation vs. managing complex server infrastructures.

"Our mission is to allow anyone with an idea to build bespoke software, regardless of technical expertise, and we're big believers in DigitalOcean's commitment to bringing their award-winning Developer Cloud to our CloudOps marketplace, giving our customers an affordable and easy cloud alternative," said Sachin Dev Duggal, Founder & CEO at Engineer.ai.

"At DigitalOcean, our focus is on making the lives of developers easier by abstracting away the complexity of infrastructure, so users of all skill levels can build powerful applications," said Mark Templeton, CEO of DigitalOcean. "Engineer.ai's Builder is a natural extension of our mission.  We believe this partnership will further bridge the technical gap for customers, so they can bring their ideas into reality."

Read full story @ https://www.prnewswire.com/news-releases/engineerai-partners-with-digitalocean-to-expand-its-cloudops-marketplace-300775339.html

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