As low-code startups continue to attract VC interest, what’s driving customer demand? – ProWellTech
Mendix CEO Derek Roos shares his findings with The Exchange
Investor interest in No-CodeLow-code apps and services took another step this morning Airtable raise an oversized lap. The $ 185 million investment in the popular database and spreadsheet service comes from our own reports adding “new low-code and automation capabilities.”
The round comes after we saw several VCs describe no- and low-code startups as part of their core investment theses and watched the same investors seem to be accelerating their investment pace in emerging companies that follow the ethos.
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The expectation that businesses will need more custom software than today’s developers can provide underpins much of the hype surrounding apps that allow users to connect services, mix data sources, and do visual programming. Low-code solutions could limit the developer input required, while no-code services could reduce the overall developer time requirement. Both no-code and low-code solutions could help alleviate the global developer shortage.
However, considering that there is a market mismatch between supply and demand from developers, the expectation is that businesses will need more apps today than they did before and even more in the future. This growing need for more business applications is key to today’s growing divergence between availability and demand for software developers.
We examined the subject Appian, a public company that offers a low-code service that companies can use to build apps.
Today we’re going to take a closer look at the topic and talk to it Mendix CEO Derek Roos. Mendix has had nine-digit sales for its low-code platform that helps other companies build apps. This means it has a good overview of what the market is actually asking of itself and its low-code competition.
We’d like to learn a little more about why companies need so many apps, how COVID-19 has changed the low-code market and if Mendix accelerating in 2020. With all of this under control, we will be better equipped to understand the growing no- and low-code startup empire.
A growing market
Boston-based Mendix raised approximately $ 38 million known venture capital In a few rounds, including a Series B valued at $ 25 million in 2014. In 2018, Mendix partnered with IBM to bring its service to the cloud and sold it for around 700 later that year Million dollars to Siemens.
