# Spini

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

- Industry: Business Support Services
- Headquarters: Singapore, Singapore
- Website: getspini.com
- Total disclosed funding: $0.8M
- Latest round: Seed (Jun 25, 2014)
- Investors on record: 1

## About

Spini provides an AI-driven app builder that helps businesses create custom web applications to enhance operational processes. The platform caters to various industries, promoting efficiency and automation without requiring technical expertise.Spini is a technology company based in Singapore, founded in 2014. It specializes in developing custom web applications tailored for diverse sectors. The company was co-founded by Ali Bazargan, Eddie Chau, and Shankar G. In June 2014, Spini raised USD 800,000 in Seed funding from Walden Catalyst, valuing the company at USD 4.1 million post-money. The company has made one deal since its inception, with the latest funding round being the Seed round.Spini specializes in creating custom web applications designed to streamline business processes across various industries. Its core product is an AI-powered app builder that enables clients to develop bespoke applications through an interactive dialogue with the AI, addressing their specific business needs. Spini's solutions target a wide range of sectors, including financial services, healthcare, retail, and consulting, providing businesses with enhanced operational efficiency and automation through tailored applications.In the most recent financial year, Spini generated revenue of USD 611,005.1, with an EBITDA of USD -20,657.1. Revenue is derived from a structured transaction model that includes direct sales to consumers and business engagements, typically delivering custom applications within 2 to 3 weeks. Clients pay a one-time fee for development along with options for ongoing maintenance and support, all while retaining ownership of their application codes and documentation.Spini's future growth strategy includes the launch of new features in its AI-powered app builder aimed at enhancing user experience and reducing application development time. While specific release dates have not been disclosed, the company plans to expand into additional markets in Southeast Asia by the end of 2024. The recent Seed funding of USD 800,000 will be utilized to support product development and market entry efforts, furthering Spini's capacity to meet industry-specific challenges.

## Funding rounds

- Seed, Jun 25, 2014, $0.8M — Walden Catalyst

## Investors

- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Seed