HomeInsightFunding Alert AI Startup Locofy.ai Secured $4.25 mn Fresh Seed Funding from Northstar...

[Funding alert] AI Startup Locofy.ai Secured $4.25 mn Fresh Seed Funding from Northstar Ventures, others

Northstar Ventures, a private equity firm backed by TPG Capital, has led the second seed-stage funding round for Locofy.ai, a platform that accelerates front-end development by utilizing artificial intelligence to convert designs to code. The funding round raised $4.25 million.

Northstar Ventures, a private equity firm backed by TPG Capital, has led the second seed-stage funding round for Locofy.ai, a platform that accelerates front-end development by utilizing artificial intelligence to convert designs to code. The funding round raised $4.25 million.

The funding round for Locofy.ai also included participation from individual investors such as Arash Ferdowsi, the co-founder and CTO of Dropbox, Nattu Adnan, the co-founder and CTO of Lottiefiles, as well as members of the leadership teams from companies such as Tinder, Zopim, Paysense, and Betterhalf.ai, as per reported by The Economic Times.

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According to a statement from Locofy.ai, the company’s second seed-stage funding round also saw participation from various other investors, including returning investors such as Golden Gate Ventures and Accel in India, as well as Aviondor Group, founders and technology heads from other startups, and others.

Locofy.ai announced in a statement that the latest round of funding will enhance its efforts to streamline the conversion of design-to-code with the help of artificial intelligence. Additionally, the company plans to introduce more integrations to the platform, which will seamlessly integrate into existing workflows.

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Currently, the platform has integrations with Storybook, Github, Netlify, Vercel, and Snack. Locofy.ai intends to establish additional partnerships with similar platforms in the future.

Locofy.ai’s product is currently available for free, and the founders are still in the early stages of planning how to monetize it. Honey Mittal and Sohaib Muhammad, the founders of Locofy.ai, are first-generation immigrants from India and Pakistan, respectively, who are currently based in Singapore.

“For us at Locofy.ai, it’s the word of mouth, community-based growth,” founder and CEO Mittal told ET in an interaction. “We don’t do any outbound. We don’t do any demos for any client… It’s all self-service-users who come to the platform and use the platform. We do a lot of content and a lot of documentation. We have a Slack community where people can get in touch with the founding team and ask us questions,” he said.

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Founder and CTO Muhammad added, “We are not replacing front-end engineers. We’re giving them superpowers. We are giving them tools so they can build faster. The idea is to use one engineer instead of three engineers for front-end development.”

About Locofy.ai

With design-to-code automation, Locofy.ai makes it possible for engineers and designers to launch products 5-10 times more quickly.

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