Low Code Future: No. 16
What happened in June 2022? Over $340 Million invested in LowCode/NoCode, across 18 companies.
Back on track! A good number of deals are in the early stages with 10 deals under $10M, and four deals over $40M. PS.: yes, two (different) companies both named “Grid” raised this month :) And, Insight Partners, one of the most active LCNC investors is back with 2 investments.
DEALS 💸
Do you want to see all (400+) investors? You can now browse our Airtable: https://airtable.com/shrfSFmtN5aYYCfk9
[H2O.ai, USA, $100M led by Commonwealth Bank of Australia (CBA)] H2O.ai is the leading AI Cloud company, on a mission to democratize AI for everyone. Customers use the H2O AI Cloud to rapidly solve complex business problems and accelerate the discovery of new ideas. Read here.
[airSlate, USA, $51.5M led by G Squared] airSlate serves over 100 million users with its SaaS based document automation platform that spans electronic signature, PDF editing, document management, and no-code workflow automation solutions — signNow, pdfFiller, USLegal, and airSlate. Read here.
[Instanda, UK, $45M led by Toscafund] The London-headquartered company will also develop new capabilities for its platform, which lets insurance companies create products without specialist coding knowledge. Read here.
[Appsmith, Remote, $41M led by Insight Partners] Appsmith provides open source software that helps companies quickly build internal applications. Read here.
[Magical, USA, $35M led by Coatue] Magical provides a tool to automate mundane tasks for literally anyone. Until now, it has been used as a messaging app for users to quickly access their frequently used text. Read here.
[Next Matter, Germany, $16M led by Omers Ventures] Next Matter is able to seamlessly link employees and their tools together no matter their role in the company. The platform’s drag-and-drop interface allows users to automate and orchestrate any scenario imaginable, either from scratch or based on Next Matter’s extensive library of best practice operations templates. Read here.
[Bardeen.ai, USA, $15.3M led by Insight Partners] Bardeen.ai is a provider of proactive workflow automation platform which helps knowledge workers automate repetitive tasks and allows them to control web apps from anywhere. Read here.
[Plobal Apps, Canada, $8.5M led by Elevation Capital and Bessemer Venture Partners.] Plobal Apps enables D2C brands to build and launch their mobile apps, drive installs, engage customers and scale revenues. Read here.
[Gigasheet, USA, $7M led by Accomplice, Argon, Founder Collective, and REV] Gigasheet provides a no-code analytics platform that helps organizations investigate massive data sets without the need for a database, an IT team, or knowledge of any query language like SQL. Read here.
[AI Squared, USA, $6M led by NEA] AI Squared has launched an artificial intelligence platform designed to enable rapid machine learning (ML) model adaptation across today’s most critical business web-applications at scale for enterprise companies, by eliminating the complexities of integrating models brought on by legacy model deployment platforms and workflows. Read here.
[FlowForma, Ireland, $4.2M led by Marc Murphy, CEO and founder of Fenergo, John Purdy, co-founder of Ergo, and Pádraig Canavan, founder of Singularity.] FlowForma provides process automation tools that empower business users to work smarter and quicker. Read here.
[Augmenta, Canada, $4.1M led by Hazelview Ventures] Augmenta is a software company that is driving a new level of efficiency for the construction industry by automating building design. Read here.
[Zeeve, India, $2.65M led by Leo Capital and Blu Ventures] Zeeve makes it easy to deploy blockchain nodes and DApps on the infrastructure on its no-code platform. Read here.
[Gaming Revolution for International Development (GRID), USA, $2.3M led by 11 Tribes Ventures and Blockchain Founders Fund (BFF)] Breshna.io transforms ordinary people into empowered content creators and allows everyone to create, share and monetize their own web3, hyper casual games, that not only have immense entertainment value, but also facilitate purposeful communication. Read here.
[Servitly, Italy, $2.2M led by Primo Ventures] Servitly is a software vendor that develops and offers equipment manufacturers a Cloud-based, no-code application software dedicated to the implementation and delivery of connected products and services. Read here.
[Revidd, India, $1.1M led by Inovnis SA] The company is a No-Code SaaS platform which enables anyone with video content to launch their own customizable video streaming product or digital TV in less than 5 minutes. Read here.
[Grid, India, $0.7M led by Indian Angel Network] Grid as the essential operational layer that brings together people and device data to create ESG-focused operations. Read here.
[Arteria AI, Canada, $?M led by Citi SPRINT (Spread Products Investment Technologies)] Arteria provides a data powered enterprise digital documentation software platform that is used by the world’s largest banks to remove the need for legacy manual processes by structuring data during the documentation lifecycle to speed up decision-making processes for all stakeholders with a highly intuitive front-end. Read here.
EXITS 💰
Blaze is to acquire No Code No Problem, for an undisclosed amount. No Code No Problem is one of the most popular no-code podcasts and TikTok channels. Read here.
Laiye is to acquire Mindsay, for an undisclosed amount. Mindsay makes customer interactions efficient using conversational Al. Brands can easily build chatbots and voicebots with Mindsay’s no-code and low-code Conversational Al platform without help from IT. Read here.
WHAT WE’VE BEEN READING 📚
[VentureBeat] Dissecting the hype over low-code
We’ve reached the point where the industry attention being paid to low-code development has moved it from “a hot topic” to “normal.”
It’s really about two other trends: citizen development & continuous improvement
[CodeResist] Citizen Development: A Guide for Non-Programmers
The citizen development process is a 5-step process that is designed to give people the tools they need to make their ideas into a reality
[SpaceRef] Google-partnered space company unveils no-code solution to access satellite data
Earth Blox demonstrated its ability to provide near-instantaneous cloud powered access and analysis of satellite imagery in a no-code user interface (UI), opening access to Earth observation (EO) data to non-experts of every sector
The visual programming environment allows new users to quickly familiarise themselves with satellite imagery to leverage a custom workflow