About Alex
Alex is a company based in Sacramento (United States) founded in 2024 by Daniel Edrisian was acquired by OpenAI in September 2025. It operates as a SaaS (Software-as-a-Service), and Freemium. Alex has raised $500 thousand across 1 funding round from investors including OpenAI and Y Combinator. Alex offers products and services including Alex AI Coding Assistant, Autocomplete for Xcode, and AI Image-to-Code Generator. Alex operates in a competitive market with competitors including AKQA, Hancom, AlmavivA, Hedgehog lab and Waracle, among others.
- Headquarter Sacramento, United States
- Founders Daniel Edrisian
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Sectors
Technology
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Phone
*********
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Website
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- Legal Name Alex Inc.
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Products & Services of Alex
Alex offers a comprehensive portfolio of products and services, including Alex AI Coding Assistant, Autocomplete for Xcode, and AI Image-to-Code Generator. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for Xcode to fix coding errors.
AI-powered autocomplete to speed up Xcode coding.
Converts images to Swift or UIKit code instantly.
Funding Insights of Alex
Alex has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $500,000
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First Round
First Round
(01 Jun 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Seed - Alex | Valuation |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Alex
Alex has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include OpenAI and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are accelerated via funding and educational programs.
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OpenAI is engaged in developing advanced artificial intelligence technologies.
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Alex
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Alex
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Alex Comparisons
Competitors of Alex
Alex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AKQA, Hancom, AlmavivA, Hedgehog lab and Waracle, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Integrated digital marketing campaigns are developed and executed across channels.
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Technology conglomerate spanning AI, blockchain, IoT, and mobility solutions.
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IT services suite solutions are provided globally by AlmavivA.
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Mobile application development and UX design services are provided.
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Mobile apps and IoT solutions are developed across platforms.
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Offshore enterprise application development and IT consulting services are provided.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Alex
When was Alex founded?
Alex was founded in 2024.
Where is Alex located?
Alex is headquartered in Sacramento, United States. It is registered at Sacramento, California, United States.
Who is the current CEO of Alex?
Daniel Edrisian is the current CEO of Alex. They have also founded this company.
Is Alex a funded company?
Alex is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jun 01, 2024.
What does Alex do?
Alex is recognized as a powerful AI coding assistant designed for Xcode users. It is utilized to automatically build projects, fix bugs, and enhance coding efficiency through features like autocomplete, error autofix, and image-to-code generation. The tool supports iOS app development across various sectors by offering functionalities such as adding Swift packages, running apps in simulators, and providing semantic search within projects. Privacy and security are prioritized, with data stored locally and customizable AI model endpoints provided.
Who are the top competitors of Alex?
Alex's top competitors include Hedgehog lab, AlmavivA and AKQA.
What products or services does Alex offer?
Alex offers Alex AI Coding Assistant, Autocomplete for Xcode, and AI Image-to-Code Generator.
Who are Alex's investors?
Alex has 2 investors. Key investors include OpenAI, and Y Combinator.
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