Engineer.ai secures nearly £30m investment for national expansion

Nov 7, 2018 · bdaily.co.uk

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Global venture capitalists, Lakestar, Jungle Ventures & Softbank’s DeepCore have announced they will invest £29.5m in London-based Engineer.ai.

The investment is set to offer a boost to the company who created 50 jobs in the capital with assistance from the Department for International Trade’s Global Entrepreneur Programme.

Engineer.ai’s ‘Builder’ is an AI-powered software assembly line which breaks projects into small re-usable features that can be customised with human interaction.

DIT’s Global Entrepreneur Programme is said to help overseas companies set up in the UK with the offer of expert guidance and introductions to key investors within the industry.

Since its beginnings, the programme has generated over 5,000 jobs in the UK and raised over $1bn of private investment for companies.

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