Locofy.ai Funding: Enterprise Software Company Locofy.ai Secures $3 Million in Funding from Accel, January Capital

Mumbai: Enterprise software company Locofy.ai has secured $3 million in a funding round from Accel, January Capital, Golden Gate Ventures, Boldcap, the company said in a statement.

The company, which offers solutions to accelerate developers and designers with its low-code platform that converts designs into production-ready code, will use the funding to scale engineering and data science teams, said he declared.

Angel investors and tech founders from companies including Ola, Hasura, Holistics, Wego, GajiGesa, 1Bstories, Ohmyhome, CyberSierra, Wekan and the former head of growth at Canva also participated in the round.

Founded in 2021 by Honey Mittal and Sohaib Muhammad, Locofy.ai aims to remove menial work from engineers without adding complexity i.e. automate 50% or more of current workflow starting with front-end code, allowing teams to convert their designs into code and an interactive and responsive live prototype (that runs on code), without writing a single line of code.

“Over the past decade, it’s taken an army of great developers to create world-class products like Airbnb and Uber. We believe that will be very different over the next decade,” said Honey Mittal, co-founder and CEO of Locofy.ai.

Locofy.ai recently opened its beta program globally and has already automated over two million lines of code.

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“It takes a huge amount of time and bandwidth for the front-end team to translate sparkling designs into accurate code. Locofy.ai will solve this problem by providing high-quality translation and providing flexibility for dynamic variables,” said Abhinav Chaturvedi, Partner, Accel India.

According to the company, the shortage of good tech talent is a global problem that has only intensified during the Covid-19 pandemic. “Fueled by an explosion in venture capital funding, reliable low-cost development hubs like India and SEA have rapidly transformed into highly competitive innovation ecosystems with their own shortage of tech talent,” he said. he declares.

“Organizations are meeting this challenge by leveraging low-code, high-productivity development tools like Locofy.ai. IDC predicts that by 2025, nearly 60% of all part-time developers and about one-third of full-time developers will be low-code developers, with low-code developers growing more than 3 times faster than traditional developers,” the statement read. .

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