![]() … We'll go public once we've shown we can dominate this category. "We can own the biggest chunk of this enterprise opportunity. "It is a huge, huge category, ripe for the taking," he told CNBC. And the pressure is coming from top-down as well, with Microsoft, Google and Amazon also investing heavily in their proprietary low-code offerings as they intensely compete for cloud clients across a full suite of software services. The low-code space has grown so quickly it is also getting crowded, with competitors including Asana, Smartsheet and, among many others, offering a variety of similar services. And these enterprise sales won't be made by traditional techies: by year-end 2025, about 50% of all new low-code clients will come from business buyers outside IT, according to Gartner. “We are thrilled to support Howie and his team as they continue to scale their thriving enterprise business and put the power of software creation in the hands of millions of knowledge workers.Gartner estimates the size of the low-code market at roughly $14 billion, and expects growth to continue, with as much as 70% of new applications developed by enterprises relying on low-code or no-code technologies by 2025. “The decentralization of software development represents one of the largest opportunities in all of technology and will unleash a critical wave of innovation of productivity,” XN founder Gaurav Kapadia said in a statement. ![]() Series E in March 2021 was a whopping 270 million, making the company worth 5.8 billion. Airtable raised 185 million in September 2020 as Series D, increasing the companys value from 1.1 billion to 2.585 billion. The company also recently opened a new office in Austin. Series C in November 2018 was 100 million, giving the company a valuation of 1.1 billion at that time. It’s safe to say, though, that Airtable is among the key players in this space, and will continue to grow thanks to this latest investment. The company has taken the world by storm since its creation and has recently raised 185 million in a Series D round, reaching a valuation of 2.585 billion. No-code platform Bubble raised a massive $100 million Series A earlier this year, joining Unqork, Squarespace and the several other startups pulling in nine-figure rounds amid exponential growth. Of course, Airtable is not the only company taking a bite out of this burgeoning sector. ![]() “As we’ve sharpened our focus on the needs of enterprise businesses, customers are scaling their use of our products to department and company-wide processes, establishing Airtable as a source of truth for their most valuation operations,” Liu added in a statement. Now, co-founder and CEO Howie Liu says this fresh funding will be used to invest “even more aggressively” in product development, as well as scale Airtable’s team and infrastructure so that it is “capable of supporting a much larger, worldwide customer base.” The company is also hiring, with nearly 100 open tech positions at its Bay Area headquarters.Īlso in SF These 5 Bay Area Tech Companies Raised the Most Funding in November The company also recently launched a new Interface Designer tool, which helps teams design fully interactive, front-end experiences and apps. Its platform, which allows users to handle workflows and share information with little to no code on the back-end, is used by major brands like Amazon, IBM, Netflix and Nike to manage everything from marketing to finance. The round was led by NYC-based investment firm XN, and is coming at a time of rapid growth for both the tech startup and the low-code software industry it is at the forefront of.įounded in 2012, Airtable has become synonymous with the low-code and no-code revolution we seem to be in the midst of. Airtable announced Monday that it raised $735 million in fresh funding, bringing its total pre-money valuation to a whopping $11 billion - nearly double what it was less than a year ago.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |