Crowdbotics, a software development platform with a library of pre-built app architectures, today announced it has raised $40 million in Series B funding led by NEA, with participation from Homebrew, JSV, Harrison Metal and Cooley. Did. 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.
“Since 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 customers can use reusable modules of strategies and 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 provide these specifications to Crowdbotics (usually React, React Native, Django) code and deploy applications to the web, Android and iOS app stores, or on-premises environments, including 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 doesn’t look like DhiWise. DhiWise transforms visual app elements into structured, readable, modular code that can later be built for scalability. Potential competitors include Appsmith, which offers an open source platform for in-house development teams to build custom apps, and Appsmith, which allows developers to add enterprise features like single sign-on (SSO) and directory synchronization to their apps. There are WorkOS and Onymos that do.
“We replace previous generations of app building tools like 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 Crowdbotics companies create private module libraries on their platform to group reusable components of code and data. Developers can use these private module libraries to quickly generate their own IT-approved functional 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. ” added Kulkarni. “CTOs, CIOs, and other IT executives benefit from better alignment with their organization’s own standards by reducing development time and budget and promoting code reuse at scale. and have 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,” said Kulkarni. “Not only does it reduce overall costs and overhead, but it also creates a pathway to code reuse, enabling all future developments to achieve the same cost efficiencies … Digital transformation initiatives are becoming more and more important for all companies. We’ve seen the effects of the pandemic accelerate as we move to the forefront of 2023 as companies take advantage of code reuse to reduce software development costs and start turning to Crowdbotics. We expect the business to continue to grow in the market as well.”
