Founded in 2021, Locofy has raised $7.5 million in funding and has been in free beta for two years. The company plans to monetize in 2024, with pricing based on the number of screens or components converted to code and maintained regularly with AI. Future plans include expanding its platform to include tools for building design systems, using public UI libraries, building backends to frontends with integrations, and hosting and deploying full apps.
Key takeaways:
- Locofy, a Singapore-based frontend development platform, has developed a tool called Lightning that can instantly turn Figma and AdobeXD prototypes into code, automating close to 80% of frontend development.
- The tool, which is built on top of Locofy's Large Design Models (LDMs), will initially be launched for Figma, with plans to expand to other design tools later in the year.
- Locofy has invested over $1 million into the development of Lightning, with the aim of helping startups and small customer-focused enterprises accelerate their frontend development.
- Founded in 2021, Locofy has raised $7.5 million from investors and plans to expand its platform beyond design-to-code by including tools for building design systems, using public UI libraries, building backends, and hosting and deploying full apps.