Fractl, a provider of generative AI-powered programming platforms, announced its $1.025 million pre-seed funding round, led by WestWave Capital, and emergence from stealth.
January Capital and Arka Venture Labs joined the round along with a number of industry stalwarts as angel investors. The team also announced the publishing and open-sourcing of Fractl language, the industry’s first Gen AI-powered programming language, and private availability of Fractl.io, a programming platform that promises more than 100x efficiency gain in Cloud-native, SaaS development at scale.
Fractl Inc.’s solution seamlessly integrates generative-AI into the entire developer workflow and brings together all the ways in which developers build software: generative AI, coding, and no-code building, into a single environment. This enables individual developers to build software rapidly, with the productivity of large teams, and brings 2 orders of magnitude efficiency improvements to the cost and time needed to build apps.
Fractl, the open-source programming language, is at the core of this innovative approach:
- Business-level abstraction that makes it much better suited for AI-powered code generation than traditional languages.
- Declarative abstraction that allows developers to purely focus on their business-domain, reducing the code they need to write by more than 90%.
Fractl.io, the next-generation programming SaaS platform, accelerates development with:
- Fractl Design Studio: A collaborative tool that blends AI code generation, traditional coding and drag-and-drop software development, for incredibly fast SaaS application development. Fractl.io users can generate an enterprise app for a variety of enterprise use cases in seconds, and then build out deep functionality rapidly.
- Fractl.io Cloud: A secure, multi-tenant DevOps platform to easily launch and manage apps built in Fractl
“As a CIO, I find myself on the frontlines of a rapidly evolving business landscape where technology is the cornerstone of every company's key operations. Unfortunately, traditional software development approaches are slow, expensive, and plagued by persistent talent shortages," said Chet Gandhi, Chief Information Officer. “Fractl ushers in a new era of open-source software that works with rapid development technologies like no-code and generative-AI code generation to dramatically improve the efficiency for developers.”
The capital from this round of financing will enable Fractl Inc. to expand its go-to-market efforts, recruit experts spanning the software and product space and support open-source efforts around the programming language.
“Software development is a discipline that demands structure, rigor and precision. Harmonizing this with the creativity and eloquence of Generative AI is a formidable challenge, yet it empowers developers to transcend their roles as mere coders, and evolve into creators,” said Ranga Rao, Fractl’s Co-Founder and CEO. “At Fractl, we are building the foundational elements of this future, starting from the very core - the programming language.”