Israeli AI co Dragonera raises $3m

moshe hogeg singulariteam

Serial entrepreneur Moshe Hogeg's Singulariteam led the investment in the artificial intelligence driven software development platform.

Israeli Artificial Intelligence (AI) startup Dragonera has raised $3 million in a seed round led by serial entrepreneur's venture capital fund Singulariteam. The Tel Aviv based company, which was founded in the summer, also announced the launch of its artificial intelligence driven software development platform.

Dragonera says that its platform can automate up to 70% of early development of new products by leveraging micro-services, and pre-existing pieces of code. The company said that the proceeds will be used to accelerate its product’s release in various markets around the world.

Dragonera CEO Ido Sadeh Man said, “Over the course of ten years in the startup scene, I’ve witnessed many great ideas fail to thrive because there were no affordable alternatives to software development in-house, to allow a short time to market."

He added, “Our platform allows a single executive to outsource product building, whether it’s an internal tool, a blockchain proof of concept, a promotional game etc., while maintaining full control over the outcome."

Dragonera says is software can be used to build prototypes and final production products at a lower cost and in less time (between 14 and 45 days) while allowing for constant monitoring from the client’s end on the product’s status.

Published by Globes [online], Israel business news - www.globes-online.com - on December 19, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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moshe hogeg singulariteam
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