SPIRITT Extends Seed Round to $13 Million

by Kay Aloha Villamor in July 26th, 2023

SPIRITT, a Tel Aviv, Israel-based company which has developed an AI platform that enables the development of complex apps by describing the concept to a computer without the need to write code, has extended its seed funding round to $13.5 million. 

The investors in the round include Square Peg and Disruptive AI, with participation from SVB. 

The raised capital will be utilized to expand the team, with a focus on recruiting marketing and performance personnel for expansion in the U.S. market, as well as designers, engineers, and customer managers to support clients in their business growth.

SPIRITT's platform allows individuals with no programming knowledge or access to programmers to independently develop end-to-end complex applications. Users can verbally describe their ideas to the computer in their language, without requiring prior knowledge of designing and building applications.

"The platform is part of our big vision, to make the world of entrepreneurship accessible to everyone,” said Tamir Magen, CEO, and Co-founder of SPIRITT. “There is a huge audience that until today has never dreamed of entrepreneurship due to the technological barrier. In fact, about 99.7% of the global population does not know how to program. Just imagine how many good ideas we are missing out on."

Company: SPIRITT Labs Ltd.

Raised: $13.5M

Round: Seed Round

Funding Month: July 2023

Lead Investors: 

Additional Investors:  Square Peg, Disruptive AI, and SVB

Company Website: https://spiritt.io/

Software Category: App Makers Software

About the Company: Founded in June 2020 by Tamir Magen and Or Kliger, joined by Lidor Cohen, SPIRITT is a company that offers an AI-based platform that gives developers the ability to create complex applications without the need for any technical skills. The product offered by the company is a human-assisted AI platform that lets you build complex apps like Airbnb, Instagram, Pinterest, and many more.

Source: https://www.calcalistech.com/ctechnews/article/hjtp8yu9h

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