Spiritt Raises $5.5M in Funding
Spiritan Israeli provider of a platform that lets anyone build complex apps by just describing their idea, has raised $5.5 million in funding.
The round was led by Izhar Shay, the former Minister of Science and Technology and currently venture capital partner of venture capital fund Disruptive AI, which specializes in AI-focused startups, and was joined by Silicon Valley Bank.
The company intends to use the funds to meet growing customer demand, to expand R&D and marketing teams, and to support projects that are founded through the SPIRITT platform.
Founded in June 2020 by two 24-year-old serial entrepreneurs, Tamir Magen (CEO) and Or Kliger (President and CTO), and later joined by Lidor Cohen (VP Research), a former Google architect, Spiritt provides an AI Platform SAAS that turns description into application to allow anyone to build complex applications without writing code.
The information necessary for the development of the application is collected by conducting a virtual conversation with a chat-bot which replaces a conversation with a software developer. Once initial input is collected through the descriptive texting process, an application is automatically developed at no cost or obligation on the part of the customer. If the customer is satisfied with the result and starts using the application, the payment is made. The payment method is a monthly subscription, which includes access to cloud storage, payment systems, mobile and desktop app versions, and the ability to customize the app and make as many changes as you like. you want. The cost is dynamically adjusted and increases in correlation with the use of the application by its customers.