Tech

Crowdbotics Raises $40M to Help Developers Build Apps from Modular Code


cloud boticstoday announced it has raised $40 million in Series B funding led by NEA with participation from Homebrew, JSV, Harrison Metal and Cooley. CEO Anand Kulkarni said in an email interview with TechCrunch that the investment will be used to expand Crowdbotics’ enterprise presence, as well as help expand the company’s product offerings and grow its current customer base.

Kulkarni founded Crowdbotics in 2017 after launching LeadGenius, which uses AI to crawl the web and find sales leads. I used Crowdbotics to create a catalog of reusable code modules to simplify the software planning and deployment process.

“Because up to 80% of the requirements are similar across software applications, things like single sign-on flows and payment gateways don’t vary much between products, so our customers are looking for strategies and reusable modules of code that have worked in the past. You can use it to build your application and focus your custom engineering efforts only on the parts of your application that are truly unique,” ​​said Kulkarni. “Customers specify custom software products using our planning engine, which utilizes a growing repository of historical data about how applications were built. Customers refer these specifications to Crowdbotics (usually React, React Native, Django) code, deploy applications to the web, Android and iOS app stores, or on-premises environments, and include staging and production workflows.”

Kulkarni sees Crowdbotics as a kind of ERP for software creation. ERP (Enterprise Resource Planning) is a type of system that helps organizations automate and manage their core business processes. Instead of business processes, Crowdbotics development This will keep your app development on track and, with any luck, on schedule.

Image credit: cloud botics

On the surface, the idea is Dewise, which transforms visual app elements into structured, readable, and modular code that can later be built for scalability. As for potential competitors, app smithprovides an open source platform for in-house development teams to build custom apps. Work OS When Onimoswhich allows developers to add enterprise features such as single sign-on (SSO) and directory synchronization to their apps.

“We are replacing previous generations of app building tools such as Microsoft PowerApps and Mendix,” Kulkarni said confidently. “Crowdbotics pricing is based on the number of features in the application, regardless of the number of users… [and] Developers can work directly with open source software development frameworks such as React Native and Django. And CIOs can set and enforce their own development and security standards to generate readable code. ”

According to Kulkarni, most companies using Crowdbotics have categorized their reusable code and data components into private module libraries on the platform. Developers can use these private module libraries to quickly generate their own IT-approved feature library that can be maintained and reused across the organization. Alternatively, you can hire project managers and developers from Crowdbotics’ gig he marketplace and pay a monthly fee for hosting, infrastructure, maintenance, monitoring, and more.

“By reusing a standardized, well-supported architecture and quickly snapping modules of interoperable code together, customers can quickly build stable apps or build applications to their specifications. We can,” added Kulkarni. “CTOs, CIOs, and other IT executives will benefit from better alignment with their own standards by reducing development time and budgets and facilitating large code giants. It has a direct impact on performance and the bottom line of the division.”

There may be a little exaggeration there. But his Crowdbotics, which has raised over $68 million to date, has certainly not failed to attract customers. The startup claims to have over 500, the largest being the US Air Force, which uses Crowdbotics to build flight analytics and training tools. Kulkarni said Crowdbotics’ revenue has tripled year-on-year over the past three years, and the 90 employees he expects to double by the end of 2023.

“With economic change looming over most businesses today, making sure capital is not wasted becomes a key concern. We are in a position to help by doing so,” said Kulkarni. “Not only does it reduce overall cost and overhead, but it paves the way for code giants to deliver the same cost efficiency across all future developments…Digital transformation initiatives move to the forefront.” We’ve seen the effects of the pandemic accelerate as time goes on. It’s based on every company’s strategy to encourage companies to use code giants to cut software development costs and turn to Crowdbotics. We are starting to look into it, so we expect the business to continue to grow in the 2023 market.”



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