AI startup claims to automate app making but actually just uses humans

Re:AI startup claims to automate app making but actually jus... by TuringNYC on Thursday August 15, 2019 @01:09PM (#20707235)

If it claims it will do that, it sounds like they should be raising an Angel or Seed round, not a massive A round.

They raised $29.5 million in a Series A round. That sounds like find-product-market-fit money, possibly a bit of growth money -- NOT pre-product money. You dont need to raise $30M to go from pre-product to product.

The financiers were Swiss VC firm Lakestar and Singapore’s Jungle Ventures led the financing and participation from Softbank’s DeepCore. I'm surprised this would get past them.

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Re:AI startup claims to automate app making but actually jus... by dragonwriter on Thursday August 15, 2019 @01:14PM (#20707290)

> If it claims it will do that, it sounds like they should be raising an Angel or Seed round, not a massive A round.

That is what they claim, though they claim it's 80% done, too (they seem to like “80%” a lot.)

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