Low Code Future: No. 5
What happened in July 2021? Over $140 Million invested across five companies, and one exit!
DEALS
[Bubble, US, $100M] A open-ended visual programming platform that lets people build and launch web applications without code. Read here.
[Unit21, US, $34M] A startup that helps businesses monitor fraudulent activities with its no-code software. Read here.
[WhenThen, Ireland, $6M] A no-code payment operations platform that streamlines the payment processes of merchants of any kind. Read here.
[HelloFlow, Denmark, $1.6M] HelloFlow provides client onboarding and identity verification in the financial industry with a no-code platform, that integrates with ID authentication services in local markets. Read here.
[Obviously AI, US, $1.1M] A no-code AI/ML platform that enables people without technical backgrounds to build and train machine learning models. Read here.
Do you prefer a database view? Have a look at all recent rounds in our Airtable: https://airtable.com/shrEIdbtLCuF1UIbc
EXITS
Nordic Capital is to acquire the majority shareholding of Duco, a SaaS dealing with mission-critical data management issues in Financial Services, for an undisclosed amount (shares acquired from current investors, CME Ventures, Insight Partners and Eight Roads Ventures). Read here.
WHAT WE’VE BEEN READING
[Levity blog] No-code AI in 2021
83% of companies rank AI in their strategic business plans - but the biggest limitation is the lack of ML development talent.
digital text data, which has seen an exponential increase in uploads through the past decade, continues to experience 55-65% annual growth.
BTW, what is No-Code AI?!? It allows you to train, test, and deploy machine learning models that used to require a software engineer.
[Medicines Discovery Catapult] Chief.AI and Medicines Discovery Catapult harness the power of AI for new pay as you go drug discovery platform.
first no-code, pay as you go, AI platform for drug discovery
offering access to AI and data in drug discovery, diagnostics, and clinical trials.
The project, supported by an Innovate UK grant
MDC developing the models, and Chief.AI the orchestration engine.
[Forbes] It's High Time For Low Code.
Decades ago, low-code technology was known as rapid application development (RAD) and business process management (BPM).
a 15% to 20% productivity increase for the low-code group vs. those that used normal Agile development technologies.
Low-code platforms introduce the case for the “citizen developer” and “citizen data scientist” movement, which refers to non-technology employees who are often tech-savvy millennials with no formal computer science or software engineering background.
[Forbes] A Guide To Low-Code/No-Code Development Platforms in 2021
again from Forbes, more relevant for beginners.