Y-Combinator-Backed CodeParrot Shuts Down

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SUMMARY

The Y-Combinator backed startup failed to sustain business due to excessive burn as well as a lack of further investment interest from VCs

Founded in 2022 by Vedant Agarwala and Royal Jain, CodeParrot was a developer focussed design to code tool which was using AI to convert components from Figma files or screenshots to production-ready code

With this, CodeParrot has become the second AI-focussed SaaS startup to shut shop in recent weeks after subtl.ai

“Startups are…



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Y-Combinator-Backed CodeParrot Shuts Down


SUMMARY

The Y-Combinator backed startup failed to sustain business due to excessive burn as well as a lack of further investment interest from VCs

Founded in 2022 by Vedant Agarwala and Royal Jain, CodeParrot was a developer focussed design to code tool which was using AI to convert components from Figma files or screenshots to production-ready code

With this, CodeParrot has become the second AI-focussed SaaS startup to shut shop in recent weeks after subtl.ai

“Startups are…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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