# iGent AI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/igent-ai

- Industry: Software
- Headquarters: UK
- Website: www.igent.ai/
- Total disclosed funding: $8.2M
- Latest round: Seed (Oct 29, 2024)
- Investors on record: 5

## About

Based in Cheshire, UK, and founded in 2023 by co-founders Martin Szummer and Sean Ward (CEO), iGent AI Ltd. operates as a provider of an AI-powered platform that offers automated software development, code execution, and testing solutions to individual developers and development teams. In October 2024, iGent AI Ltd.  raised GBP 6.3 million in seed funding led by HV Capital, with participation from XTX Ventures, Twin Path Ventures, 10x Founders and Dhyan VC.

The company provides an AI-powered platform that offers intelligent software development assistance to developers and engineers. The platform services include adaptive learning, real-time code generation, testing, and execution within secure sandboxes. Moreover, the firm offers solutions such as multi-file code comprehension, web artifact generation, and scalable sandbox environments for various development needs. Additionally, the firm also provides services such as credit-based subscription plans with varying resource allocations for different project sizes. Maestro is marketed primarily in North America, Europe, and parts of Asia, aiming to support a global clientele in their software development endeavors.

The company generates revenue primarily through subscription-based pricing plans for its Maestro platform. The pricing structure includes three tiers: the Basic plan at GBP 50 per month, the Pro plan at GBP 250 per month, and the Ultimate plan at GBP 500 per month. Each subscription offers a specific number of accumulating Maestro credits per month. These credits are used for executing tasks within the platform. Transactions are handled directly between iGent and its clients. This model helps clients manage their development needs while receiving updates and support.

The funding will be used to develop software for engineering challenges.

## Funding rounds

- Seed, Oct 29, 2024, $8.2M — HV Capital, XTX Ventures, 10x Founders, Dhyan VC, Twin Path Ventures

## Investors

- HV Capital (https://capitalatlas.ai/funds/hv-capital) — Seed
- XTX Ventures (https://capitalatlas.ai/funds/xtx-ventures) — Seed
- 10x Founders (https://capitalatlas.ai/funds/10x-founders) — Seed
- Dhyan VC — Seed
- Twin Path Ventures (https://capitalatlas.ai/funds/twin-path-ventures) — Seed