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Summary

SolveAI, a London-based platform, has secured $50 million to enable employees to create tailored enterprise software without coding. This Series A funding, led by GV, follows an undisclosed pre-seed round by Accel. SolveAI aims to empower employees across various departments to develop applications that integrate with existing systems and comply with enterprise standards, addressing the needs of large organizations while reducing dependency on costly outsourced software.
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Full Article (AI)

Trends and Impact 🚀 The rise of AI-powered low- and no-code platforms is transforming how businesses develop software, especially in large enterprises where integration with legacy systems and compliance with governance standards are critical. SolveAI, a London-based platform, is at the forefront of this trend, having secured $45 million in Series A funding led by GV. The company's approach empowers employees to build custom enterprise software without writing code, addressing inefficiencies across various departments such as operations, sales, and finance. As Steve Basher, CEO of SolveAI, stated, "Organisations see the greatest impact when technology is tailored to their specific needs." This reflects a growing demand for solutions that align with the complex, regulatory environments of large companies. Practical Steps 🛠️ SolveAI's platform enables employees to harness natural language to create proposals, designs, and fully functional applications. Initially, a written proposal outlines the recommended solution, rationale, and planned features. Teams can iterate on this proposal before specialised AI agents handle different stages of development, including UX, frontend, and backend, to generate a complete software product. This approach supports faster innovation while maintaining enterprise controls, reducing pressure on IT teams, and decreasing reliance on costly custom applications. Competitive Advantages 🌟 SolveAI places software development power in the hands of employees closest to operational challenges, without compromising on security or compliance. This positions the platform as a game-changer for industries like manufacturing, retail, and financial services, which are already exploring its potential to accelerate internal development. The recent funding will allow SolveAI to expand its platform capabilities and increase adoption among enterprise customers, further solidifying its competitive edge in the market. By reducing the dependency on traditional software development cycles, SolveAI not only enhances agility but also aligns with the strategic goals of modern enterprises.
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Business Impact

The rise of AI-driven no-code platforms like SolveAI is significant for European SMBs, as it democratizes software development, allowing non-technical employees to innovate and solve problems specific to their roles. This can lead to improved efficiency and competitiveness, as smaller businesses can rapidly adapt to market changes and internal needs without extensive IT budgets.
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Interesting Facts

  • SolveAI was founded by former Palantir engineer Steve Basher.
  • The funding round was led by GV with participation from Accel.
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Business Opportunities

For European SMBs, SolveAI offers an opportunity to harness AI-driven tools for in-house software development, reducing reliance on external vendors. This can lead to cost savings and faster implementation of customized solutions, enhancing operational agility.
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LAZYSOFT Recommendations

LAZYSOFT advises European SMBs to explore AI-driven no-code platforms like SolveAI to empower employees in developing custom tools. This can help reduce IT bottlenecks and enable rapid adaptation to business challenges, ensuring compliance with industry standards.