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Ex-Meta engineer raises $14M for Lace AI, a revenue generation software startup

April 22, 2025 | by AI

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🔥 Ex-Meta Engineer SMASHES $14M Seed Round for Lace AI – The Revenue Rocket Fuel for Home Services

From PyTorch to Profit Machines: The AI Revolution Hitting Your Local Plumber

Boris Valkov didn’t just build AI infrastructure at Meta – he saw the FUTURE. While most engineers were obsessed with models, Valkov spotted the billion-dollar opportunity in applying AI to the trenches of home service businesses. Now his startup Lace AI is turning customer service calls into revenue geysers.

“Every missed call is a $500 bill left on the table. We’re giving HVAC companies and plumbers the same AI superpowers as Fortune 500s.”

Boris Valkov, Founder & CEO of Lace AI

🚀 The 1,000% ARR Growth Story You Can’t Ignore

These numbers don’t lie:

  • 1,000% ARR growth in 2024 (first full year of sales)
  • 100+ businesses already powered including A1 Garage Door and Eco Plumbers
  • Double-digit revenue lifts for customers – that’s MILLIONS per year for mid-sized operators

💡 Why VCs Are Throwing Money at This Problem

Bek Ventures’ Mehmet Atici explains the gold rush:

“Home services represent a $600B industry where most operators still track calls with pen and paper. Lace’s AI is like giving cavemen smartphones – the impact is immediate and massive.”

Mehmet Atici, Managing Partner at Bek Ventures

⚡ How Lace’s AI Artillery Works

While competitors sample calls, Lace goes all-in:

  • 100% call monitoring – no opportunities slip through
  • Real-time conversion optimization during calls
  • Post-call revenue leakage detection

💰 The Math That Will Make You Sweat

For a $300M home services company:

  • 1% conversion lift = $3M pure profit
  • 5% lift = $15M game-changing revenue

🏗️ What’s Next: The 3X Growth Blitz

With $19M total funding (including a stealth $5M pre-seed), Lace is:

  • Tripling their 20-person team
  • Expanding beyond home services
  • Building AI that doesn’t just analyze calls – but drives them

The bottom line? AI isn’t just for tech giants anymore – it’s coming for your local roofer, and it’s bringing bags of cash with it.

Image Credit: ThisIsEngineering on Pexels

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