Company Overview
Snapshot
Founded in April 2019 by Tamir Magen and Or Kliger, Spiritt Labs operates with 11–50 employees. The company has raised $13.5 million across two funding rounds from three investors, with Disruptive AI leading one of its Seed rounds. In July 2023, Spiritt Labs secured an additional $8 million in Seed funding.
Business overview
Spiritt Labs develops an affordable, human-assisted AI platform that enables users to create complex applications, such as those resembling Airbnb or Instagram, using only verbal descriptions. This technology eliminates the need for programming skills, making app development accessible to a broader audience. The company operates within the Business Software sector, focusing on IT, R&D, and Data Solutions, specifically targeting software development tools and product development tools for enterprise and professional services.
Strategic signal
In July 2023, Spiritt Labs raised an additional $8 million in Seed funding, bringing its total to $13.5 million. This investment, led by Square Peg and Disruptive AI, signals strong investor confidence in the company's AI platform for app development and its potential for market expansion. The funding is earmarked for team expansion, particularly in marketing and performance roles for US market entry, as well as for designers, engineers, and customer managers, indicating a strategic push for growth and broader adoption of its no-code app creation solution.
Log in to access full profile ›Company Intelligence Q&A
- What is Spiritt Labs' core offering?
- Spiritt Labs provides a human-assisted AI platform that allows users to verbally describe and build complex applications without requiring any technical skills or programming knowledge.
- When was Spiritt Labs founded and by whom?
- Spiritt Labs was founded in April 2019 by Tamir Magen and Or Kliger.
- What was a significant funding event for Spiritt Labs in 2023?
- In July 2023, Spiritt Labs secured an additional $8 million in Seed funding, with Square Peg and Disruptive AI leading the round. This brought the company's total capital raised to $13.5 million.
- What was a notable funding event for Spiritt Labs in 2022?
- In July 2022, Spiritt Labs raised $5.5 million in a Seed round, led by. This funding was intended to address growing customer demand and expand R&D and marketing teams.
- What are Spiritt Labs' plans for the recent funding?
- The funding secured in July 2023 will be utilized to expand the team, focusing on marketing and performance roles for US expansion, as well as hiring designers, engineers, and customer managers.