CraftifAI, an AI-powered embedded software development startup, secured $3 Mn in seed funding led by Ankur Capital. The company aims to revolutionize software development for Edge, IoT, and AI devices through its CraftifAI Orbit platform. With the global connected device market expected to grow to 41 Bn by 2030 and only 2.5 Mn embedded software engineers worldwide, CraftifAI is positioning itself to address a critical industry bottleneck. The startup plans to use the funding to scale engineering and go-to-market teams while expanding global market presence. Founded by former PhonePe and Xilinx executives, CraftifAI's platform automates software development, reducing time and costs for hardware product creation. This investment highlights the growing investor interest in AI-driven automation solutions across technology sectors.
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