Low Code Future: No. 9
What happened in November 2021: over $700 Million (what?!) invested in LowCode/NoCode, across 13 companies. Plus 2 exits!
DEALS 💸
[Formstack, USA, $425M led by Silversmith Capital Partners and returning investor PSG] Formstack provides a wide range of templates and integrations to let people create their own workflow automations. Read here.
[Stytch, USA, $90M led by Coatue] Stytch is an API-first passwordless authentication platform. Read here.
[WSO2, USA, $90M led by Goldman Sachs] WSO2 enables thousands of enterprises to drive their digital transformation journeys, executing more than 18 trillion transactions and managing more than 500 million identities annually. Read here.
[EasySend, Israel, $55.5M led by Oak HC/FT] EasySend provides a no-code customer experience platform for building and optimizing digital customer journeys. The company helps enterprises go digital by converting paper, PDFs, and manual processes into fully-branded customer journeys for any use case. Read here.
[Y42, Germany, $31M led by Atomico & Insight Partners] Y42 aims to remove the need for companies to buy in separate tools for data orchestration, ingestion, analysis, sharing, and visualisation by providing all of these in a single platform. Read here.
[Knak, Canada, $25M led by Insight Partners] Knak is a codeless campaign creation platform built for enterprise marketing teams. It lets anyone create on-brand emails and landing pages, with no coding or outside support required. Read here.
[Whatslly, Israel, $11M led by Zeev Ventures] Whatslly connects WhatsApp & Salesforce and helps companies improve customer experience on 1-1 WhatsApp chats with agents. Read here.
[Cascade.io, USA, $5.3M led by First Round Capital] Cascade.io enables non-technical operations teams to data workflows in the cloud, automating the process of pulling in raw data, transforming it then sending it where it needs to go. Read here.
[Uiflow, USA, $5.2M led by Addition] Uiflow provides a collaborative, no-code platform for developers and enterprise customers, allowing them to build secure, scalable, and custom applications inside their existing apps. Read here.
[Zenity, Israel, $5M led by Vertex Ventures and UpWest] Zenity helps businesses build a catalog of low-code/no-code apps in their organization, mitigate potential issues, and set up a governance policy for their organization that can then be automatically enforced. Read here.
[Root, South Africa, $3M led by Invenfin] By way of using APIs, Root is helping businesses and developers launch insurance products faster than the traditional way. Read here.
[Svix, Israel, $2.6M led by Y Combinator and Aleph] Svix is a WaaS (webhooks-as-a-service) platform designed to provide developers with a solution for triggering API notifications rather than having to build their own webhook system. Read here.
[Zvolv, India, $1.5M led by JSW Ventures] Zvolv is an intelligent no-code/low-code platform for automating business processes. Zvolv’s platform helps enterprises across retail/CPG, BFSI, and engineering and construction industries build workflows and deliver end-to-end automation of their processes at speed. Read here.
🗄 Want to see all past deals & investors? Check our Airtable!
Have a look at all rounds in our Airtable: https://airtable.com/shrEIdbtLCuF1UIbc
EXITS 💰
Walmart is to acquire Botmock, for an undisclosed amount. Botmock has specialized software that makes it easy to build and deploy conversational applications using a no-code development platform. Read here.
Stytch is to acquire Cotter, for an undisclosed amount. Cotter is a no-code password-less authentication platform. Read here.
WHAT WE’VE BEEN READING 📚
[Forbes] The Pervasive Myths Of Low-Code/No-Code
Myth 2: "Citizen developers" get LCNC, and "real developers" are married to the code :)
Myth 5: "LCNC is just PowerBuilder all over again." LOL!
[Ark Invest] FYI Podcast: interviewing Invisible Technologies
Automation can be supported by outsourcing for the more "service-oriented" tasks
They moved from automating PA jobs to automating the tasks for PAs.
Automation companies use third-party automations tools too :)
[CIO.com] Are CIOs sleeping on low code?
Low code to crowdsource the IT department
After democratization of data, we now have democratization of coding
CIOs must ensure their departments don’t become a roadblock or gatekeeper