Crowdbotics, a Berkeley, CA-based Low-code development tools startup, has raised $40 million in Series B funding led by New Enterprise Associates. The round also witnessed Harrison Metal, Jackson Square Ventures, Homebrew, and the House Fund participation.
The funds will be used by Crowdbotics’ platform, which was created to assist users in creating low-code apps even in highly regulated industries like health care, finance, education, and defense, to bring more cutting-edge products to market, expand its offerings for enterprise-level businesses, and enhance support services for current users.
The startup offers a platform where professionals may use a matching library of components and a network of on-call experts to translate ideas into working code. Customers can use tried-and-true methods and reusable code modules to construct apps while concentrating custom engineering efforts just on the components of their application.
This lets departments outside of IT plan and launch software applications using IT-approved components and methodologies, making software development processes more predictable than creating from scratch.
Low-code development tools have been hailed as a potential remedy, especially as global developer scarcity intensifies. Using visual drag-and-drop interfaces and preloaded templates, low-code solutions allow non-developers from various business departments, such as HR, finance, and procurement, to create unique apps without having to write any code.
Crowdbotics enables ideas to be coded for a far lower cost
Anand Kulkarni, who had previously established LeadGenius, a platform that searches the web for sales lead opportunities, founded Crowdbotics in 2016. After receiving a Ph.D. in machine learning and operations research from UC Berkeley and funding from the American National Science Foundation, he developed the concept for Crowdbotics.
With Crowdbotics, customers can utilize a visual editor to iterate on app displays and data models before deploying them to hosting services like Heroku. The technology generates actual code synced to a GitHub repository, enabling developers to audit and tweak the final product.
A study has shown that low-code tools can reduce development time by 90 percent. Additionally, employing a low-code platform can help businesses cut operational costs by an average of $1.7 million annually.
By allowing businesses to employ project managers and developers to estimate, scope, construct, test, and launch apps, Crowdbotics also provides managed app development services. Customers can use tools that intelligently choose software that is the greatest fit for a project or add more development resources as needed via the Crowdbotics dashboard.
The fresh round of finance came after the company had already raised $22 million in capital in January 2022.
