Locofy.ai Raises $3 Million

In a Press release, Locofy.ai which is an Enterprise software firm announced that it has raised $3 million in its pre-seed round of funding from investors which includes Accel, January Capital, Golden Gate Ventures, and Boldcap.Locofy.ai basically offers a platform that converts designs to production-ready code. The company said that it will be utilizing these funds to expand its engineering and Data Science teams. Canva’s former head of growth and Angel investors and tech founders from companies such as Ola, Hasura, Holistics, Wego, GajiGesa, 1Bstories, Ohmyhome, CyberSierra, Wekan also participated in this round. The company was founded by Honey Mittal and Shoaib Muhhamad in the year 2021. The company’s Chief Executive Officer, Honey Mittal said: “Over the last decade, it took an army of good developers to build world-class products like Airbnb and Uber. We believe that will look very different in the next decade.” The company has recently launched its Beta program and till now has automated more than 2 million lines of code. Partner of Accel India, Abhinav Chaturvedi said: “It takes an enormous amount of time and bandwidth of the frontend team to translate sparkling designs into precise code. Locofy.ai will solve this problem by providing high-quality translation and provide flexibility for dynamic variables,”