Enterprise software firm Locofy.ai raised $3 million in a pre-seed funding from investors including Accel, January Capital, Golden Gate Ventures and Boldcap.

The company, known offering a platform that converts designs to production-ready code, will use the funding to expand its engineering and data science teams, as per reports.

According to reports, Angel investors and tech founders from companies such as Ola, Hasura, Holistics, Wego, GajiGesa, 1Bstories, Ohmyhome, CyberSierra and Wekan, and Australian graphic design platform Canva’s former head of growth, also participated in the round.

Founded in 2021 by Honey Mittal and Sohaib Muhammad, Locofy.ai aims to automate 50 percent or more of the current workflow, allowing teams to convert their designs to code and an interactive and responsive live prototype without writing a single line of code.

“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,” says Mittal.

Locofy.ai has recently opened its beta program globally and already automated more than two million lines of code.

Abhinav Chaturvedi, partner, Accel India says, “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.”

According to the company, shortage of good tech talent is a global problem that has only amplified during the Covid-19 pandemic. Backed by an explosion of VC funding, reliable low-cost development hubs like India and SEA have rapidly transformed into highly competitive innovation ecosystems with their own tech talent shortage.

Organisations are confronting this challenge by leveraging high-productivity low-code development tools such as Locofy.ai. The IDC forecasts that by 2025, nearly 60 percent of all part-time developers and roughly one-third of full-time developers will be low-code developers, with low-code developers growing over 3x faster than traditional developers.