Jungle Ventures fund round III closed, it had already invested in Indonesian beauty e-commerce and social platform Sociolla (US$40m, series D), Vietnamese point-of-sale software provider KiotViet (US$6m, series A), Jakarta-based logistics platform Waresix (US$14.5m, series A), and AI startup Engineer.ai.
Global venture capitalists, Lakestar, Jungle Ventures & Softbank’s DeepCore, announced that they will invest £29.5 million in London-based Engineer.ai which is an AI-powered Software Assembly line which breaks projects into small re-usable features that can be customized with human interaction from around the world.
Engineer.ai expects growth by its 'Builder' solution which allows everyone, even those without technical skills, to get customized apps built for Android, iOS and other platforms.
