From Mobility to the IT sector. „Engineered on AI“ is the motto of engineer.ai. Sachin Dev Duggal is the co-founder of the US based startup.
He presents the development process with the company’s product Builder: Customers first choose what they want to build, for which platform and then Builder uses already existing projects and builds up on the code that has been built for older projects.
„Building software is incredibly hard. It’s still a cottage industry and we are industrializing it“.
Dev Duggal believes that everyone should be empowered to unlock their true potential – irrespective of what they know or capable of doing.
The market of engineer.ai looks promising. Dev Duggal estimates that the IT outsourcing budget is approx. $7-8 trillion per year! Engineer.ai is currently aiming at the smaller projects like apps or web based platforms. „But we are not only for small businesses, there is a small business in every type of company“, Dev Duggal adds.
So how does engineer.ai perform in this market? For the last 18 months the revenue has grown by 2.2 times and customers have increased by 4x. The total bootstrapped revenue is around $60m. In the last year engineer.ai has raised a series-A round with over $29.5m.