Fundraising Fox

Lutra AI

San Francisco, US · 6 known investors

Lutra is an AI assistant that automates work tasks by writing code to parse, extract, and enrich data across tools like Gmail, Outlook, Google Sheets, Slack, and CRMs. It offers reusable "Playbooks" for recurring workflows and supports custom integrations via MCP, REST APIs, and databases, serving both individual and enterprise users.

Also known as DEPENDABLE AI, INC. · Lutra · Lutra.ai

Founders & leadership

JNJiquan Ngiam
Jiquan NgiamFounder
VVVijay Vasudevan
Vijay VasudevanFounder
BZBo Zhi See
Bo Zhi SeeinFounder

Investors · 6

Also in the syndicate · 2

Andrej KarpathyJeff Dean

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Lutra AI develops an AI agent that converts natural-language instructions into executable code, generating and running automated workflows that connect a user's existing applications. The agent first converses with the user to clarify goals, then writes code that implements the workflow; because the workflows are code, they can be inspected, executed repeatedly, and scheduled to run unattended. Typical use cases described by the company include contact and CRM data enrichment, extracting structured data from PDFs and websites, web and internet research, email management and personalized outreach, expense reporting, and converting data into reports and visualizations.

The platform ships with built-in AI tools for data processing (structured extraction, classification, document drafting and conversion, template rendering, visualization) plus connectors to a broad set of SaaS applications, including Google Workspace (Sheets, Docs, Gmail, Calendar), Microsoft Outlook and OneDrive, Slack, GitHub and GitHub Actions, HubSpot, Airtable, Notion, Stripe, Xero, Apollo, Affinity CRM, ActiveCampaign, Maximizer CRM, AppFolio, DocSend, Harvest, Keepa, LinkedIn posting, weather data, and a Y Combinator company dataset. Custom integrations can be created via MCP (Model Context Protocol), REST/HTTP APIs, OpenAPI specifications and databases such as Supabase, and the company lists a further set of integrations as forthcoming (including Salesforce, Zapier, Microsoft Excel, QuickBooks Online, Microsoft Teams and others). Recurring tasks can be saved as "Playbooks" — reusable workflows that can be scheduled and shared, with organization-wide sharing on enterprise plans.

The company's website also promotes MintMCP by Lutra, positioned as a way to securely connect enterprise data and applications to AI. Lutra states it is SOC-2 compliant, uses OAuth for integrations, gives users visibility into all actions and generated code, and does not retain customer data long-term unless requested.

Founding story

Jiquan Ngiam, who worked at Coursera and later Google, repeatedly encountered engineering functions that could have been automated for non-developers but lacked the resources to do so. In early 2023 he gathered five friends, including former Google colleague Vijay Vasudevan, to examine how AI models capable of reasoning, planning and coding could interconnect everyday software reliably and securely for non-engineers. The startup began in April 2023 and focused early experiments on mundane tasks such as taming a busy inbox, managing Slack connections with customers, and internet research. Sources differ on founder attribution: TechCrunch and Starter Story credit Jiquan Ngiam as co-founder and CEO (with Vijay Vasudevan among the founding group), while one aggregator profile names Bo Zhi See and Jiquan Ngiam as the 2023 founders.

Business model

Self-serve software product with a free entry tier ("Start for free") plus paid and enterprise plans. Usage of AI-intensive actions is metered through a credit system: each account receives monthly credits that refresh automatically, with more intensive actions such as web search or data enrichment consuming more credits; enterprise plans offer higher credit limits, custom allocations, organization-wide playbook sharing and additional security features. The company also offers demos and direct contact for custom integrations and API access.

Subscription/plan-based access combined with credit consumption for AI-intensive actions, with an enterprise tier offering larger credit allocations and added security and sharing capabilities. One third-party profile estimates monthly revenue of about $417,000 and describes the company as profitable, but labels these figures as estimated from public sources rather than company-disclosed.

Traction

At the December 2023 launch the company was in private beta with a small number of customers and declined to share traction metrics. Its website later published named testimonials from users at organizations including Samsung, AMD, Mixrank, Brivity, Sonant, Darwin Ventures and Avelon Consulting, citing outcomes such as a process moving from 24-48 days to 12 hours and roughly 10x workflow throughput (customer-reported claims). A third-party profile lists an employee range of 51-200 and estimates monthly revenue of about $417,000 and profitability, though these figures are described as estimates derived from public sources.

Latest developments

Lutra's site now offers general self-serve sign-up rather than a waitlist, advertises SOC-2 compliance and enterprise features such as organization-wide Playbook sharing, and promotes MintMCP by Lutra for securely connecting enterprise data and applications to AI. The integration catalog has expanded across CRM, finance, productivity and data platforms, with custom connectors supported via MCP, REST and OpenAPI, and a further list of integrations announced as coming soon.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positions itself within the AI workflow automation space, described by TechCrunch as competing with companies such as Respell, Unity, Parabola and Nvidia; a customer testimonial also references switching from n8n. Lutra markets itself as "the first productivity agent to connect all your work apps." A third-party analysis frames it as aligned with two converging trends — agentic AI capable of multi-step execution, and no-code/low-code SaaS automation — while facing potential competition from RPA incumbents and native AI features embedded in major SaaS products.

Lutra emphasizes a code-first approach: rather than answering conversationally, the agent writes and executes actual code, which the company argues improves reliability, security and auditability and avoids hallucination or context loss. Users retain full visibility into the actions taken and the code produced. Rather than applying large language models to every step, Lutra concentrates model use on specific tasks it says yields better results. Additional stated differentiators are deep native connectors that read and write directly to enterprise systems, the ability to build connectors to arbitrary APIs (MCP, REST, OpenAPI), scheduled unattended execution, and reusable, shareable Playbooks.

Technology

Natural-language-to-code generation: the agent converses to establish intent, then produces code that orchestrates applications and runs on Lutra's platform, either interactively or on a schedule. It combines built-in AI tools for extraction, classification, summarization, document conversion, template rendering and visualization with app connectors and the ability to generate new connectors to any API. Integration surfaces include MCP, HTTP/REST, OpenAPI and databases (Supabase). Security features cited include OAuth-based authentication, credentials management, SOC-2 compliance, action and code transparency, and limited data retention.

Go-to-market

Product-led growth with a free self-serve tier and rapid time-to-value for non-technical users, supported by educational content and SEO (articles, podcasts, YouTube videos), integrations with widely used platforms such as Google Workspace, Slack and HubSpot to reduce adoption friction, and a demo-scheduling and mailing-list motion for enterprise buyers. The company also cites investor and partner networks as a source of credibility and introductions. Custom integration and API requests are handled via direct contact (hello@lutra.ai, dev@lutra.ai). Community channels include Twitter, Slack, a blog and a help center.

Non-technical knowledge workers and teams in sales, finance, marketing, operations and research, at both startups and enterprises, who need to automate repetitive data handling and cross-application tasks. The customer type is described as B2B, with enterprise plans for organizations requiring higher credit limits, shared playbooks and additional security controls.

Geography

Headquartered in Mountain View, California, United States, per third-party sources. No other office locations are stated in the sources.

History

Founded in 2023 (work began in April 2023 per TechCrunch). The company emerged from stealth on 7 December 2023 alongside a $3.8 million seed round, at which point it was in private beta with a small number of customers and said it was too early to share traction. Funding was reported under the corporate name DEPENDABLE AI, INC. The company subsequently expanded its integration catalog, added enterprise-oriented features and SOC-2 compliance, opened general sign-ups, and introduced MintMCP for connecting enterprise data and apps to AI.

Risks & controversies

Sources conflict on basic facts: total funding is reported as both $3.8M (TechCrunch, The SaaS News, Starter Story) and $4.0M (Startup Intros), and founder and investor lists differ materially across sources — one aggregator lists investors (Abstract Ventures, Altimeter Capital, Sequoia Capital, Union Square Ventures and others) that no other source corroborates and that conflict with the company's own stated backers, and names Bo Zhi See as a co-founder where other sources name Vijay Vasudevan among the founding group. Revenue, profitability and employee-count figures are third-party estimates rather than disclosed numbers. Efficiency and outcome claims on the website are customer testimonials. TechCrunch notes a crowded competitive field, and a third-party analysis flags competition from RPA vendors and native AI features in major SaaS products. SOC-2 certification is asserted by the company but only provided on request.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Employee count rangeJan 202551-200
FoundersJan 20232 people
Funding roundsDec 2023$1
Monthly revenue estimateJan 2025$417K
Total fundingDec 2023$3.8M
Total funding reported third partyDec 2023$4M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 5

launches, deals, and filings
Jan 2025
MintMCP by Lutra

Lutra's website promotes MintMCP, a product for securely connecting enterprise data and apps to AI. No launch date is stated in the sources; date reflects the retrieval of the site only.

source ↗

Jan 2025
SOC 2 compliance

Lutra states on its website that its platform is SOC-2 compliant, with OAuth-based integration and full visibility into actions and generated code. No certification date is given.

source ↗

Dec 2023
Lutra AI emerges from stealth

TechCrunch reported that Lutra AI, founded in April 2023 by Jiquan Ngiam with five friends including Vijay Vasudevan, came out of stealth alongside its seed funding while in private beta with a small number of customers.

source ↗

Dec 2023
Lutra AI raises $3.8M seed round

Lutra AI closed a $3.8 million seed round with Coatue Ventures, Hustle Fund, Maven Ventures, WVV Capital and angels including Andrej Karpathy, Jeff Dean and Scott Belsky. One source states the round was led by Coatue. Funding was reported under the corporate entity DEPENDABLE AI, INC. Proceeds were earmarked for opening the product to more customers, product development and product-market fit.

$3.8M source ↗

Dec 2023
Public launch / private beta with waitlist

A third-party profile states Lutra launched publicly in December 2023 and ran a private beta with a waitlist while expanding integrations and enterprise features.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Lutra AI do?
Lutra AI builds an agent that turns English instructions into code-based, schedulable workflows across work apps.
Who founded Lutra AI?
Lutra AI was founded by Jiquan Ngiam, Vijay Vasudevan, Bo Zhi See.
Who are Lutra AI's investors?
Lutra AI's investors include Maven Ventures, WVV Capital, Coatue Management, Hustle Fund.
Where is Lutra AI headquartered?
Lutra AI is headquartered in San Francisco, US.