Front-End Devtools Startup Locofy.Ai Raises $4.25 Million
05/16/23, 1:32 AM
Location
singapore
Money raised
$4.25 million
Industry
software
Round Type
seed
Locofy.ai, a front-end development acceleration platform that uses artificial intelligence to convert designs to code, has raised $4.25 million in its second seed-stage round of funding led by TPG Capital-backed private equity firm Northstar Ventures.Other participating investors included returning investors Golden Gate Ventures, Accel in India, Aviondor Group, founders and technology heads at other startups, among others, the company said in a statement.Individual investors in the round included Arash Ferdowsi, cofounder and chief technology officer of Dropbox, Nattu Adnan, cofounder and CTO of Lottiefiles, and leadership team members from the likes of Tinder, Zopim, Paysense and Betterhalf.ai.The Singapore-based fully remote startup, with employees across India, Pakistan, Vietnam, Philippines and Canada, converts web and mobile app designs into several front-end coding languages, eliminating hundreds of hours of grunt work form frontend and fullstack developers.It shot to fame in 2022 when it launched its beta in January and also closed a $3 million round of funding. So far, it has managed to raise $7.3 million in total.Locofy.ai has had about 110,000 sign-ups from developers and designers across 195 countries at startups, enterprises, and freelance and student communities.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesIt currently converts Figma and Adobe XD designs into React, React Native, HTML-CSS, Gatsby and Next.js code using AI.The new tranche of funds will boost its plans to simplify the design-to-code conversion significantly with AI while adding more integrations to the platform to seamlessly fit in the workflows, Locofy.ai said in its statement.The platform is currently integrated with Storybook, Github, Netlify, Vercel and Snack, and plans on more of these partnerships going forward.Apart from the fundraise, the company also announced a series of senior-level appointments.Tien Nguyen, former chief technology officer of Teko and Wego, is set to join Locofy.ai as its vice president of engineering. Nick Jachowski, a former founder of Swat and AI advisor to startups, is set to join as head of AI, and Nguyen Kien, former director of engineering at Tiki, will join as head of engineering.Locofy.ai’s product is currently completely free to use, with founders still in early-stage ideation of plans to monetise the product. Founders Honey Mittal and Sohaib Muhammad are first generation immigrants in Singapore from India and Pakistan, respectively.Mittal and Muhammad previously worked together at flight search and booking app Wego.“For us at Locofy.ai, it’s really word of mouth, community-based growth,” founder and CEO Mittal told ET in an interaction
Company Info
Location
singapore, southeast asia, singapore
Additional Info
Locofy.ai helps engineers and designers launch products 5-10x faster -- with design to code automation. We're in open beta for Figma or Adobe XD to React, React Native, HTML-CSS, Gatsby, Next.js Code, and launching more frameworks (like Vue, Svelte, Flutter etc) soon!