Locofy.ai has raised $3 million in pre-seed funding from investors such as Accel India, January Capital, Golden Gate Ventures and Boldcap, the company announced in a media release. The startup plans to utilise the funding to expand its engineering and data, science teams. Angel investors and tech founders from companies like Ola, Hasura, Holistics, Wego, GajiGesa, 1Bstories, Ohmyhome, CyberSierra, Wekan, and Canva also participated in the funding round. Founded in the year 2021 by Honey Mittal and Sohaib Muhammad, Locofy.ai wants to automate over 50 per cent of the current workflow and allow teams to convert their designs to code and responsive prototypes without writing a single line of code.

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“It took a lot of good developers to develop products like Airbnb and Uber. We think that will change in the next decade,” Honey Mittal, CEO of Locofy.ai, said. “Companies are facing this challenge, and by grasping high-productivity low-code development tools such as Locofy.ai, they can solve this problem easily. The IDC forecasts that by the year 2025, nearly 60 per cent of all part-time developers and one-third of full-time developers will be low-code developers and will grow over 3x faster than traditional developers,” the company added.