- Unqork — a leading no-code application platform for the enterprise — announced it has closed $51 million in additional growth funding for its Series B
Unqork — a leading no-code application platform for the enterprise — announced it has closed $51 million in additional growth funding for its Series B round from existing investor Goldman Sachs along with new investors Aquiline Technology Growth and World Innovation Lab (WiL).
Unqork’s no-code application platform helps large enterprises build complex custom software and applications faster, with higher quality and lower costs than conventional approaches. And since launching in mid-2017, Unqork has earned the trust of some of leading enterprises including Liberty Mutual, John Hancock and Manulife. And recent customer engagements include HSBC, Pacific Life, and Maimonides Medical Center.
This funding closes a larger $131 million Series B led by CapitalG — which is the growth equity investment fund of Google parent company Alphabet. And the funding will enable Unqork to execute new and existing initiatives like growing the company’s sales and marketing teams across the U.S. and around the world to meet consistently increasing demand for Unqork’s platform. And the funding will also enable the company to invest further in the company’s engineering team along with training and continuing to roll out partnerships with services firms and systems integrators, including Cognizant, Deloitte, EY, KPMG, and Virtusa.
The funding will also help the company expand its community by hosting large-scale events, including No-code on Tour and Unqork Live — which is its first-ever user conference happening on May 6th 2020 in New York City. And the funding will help continue Unqork’s efforts to certify individuals at all levels with plans to significantly expand the thousands of credentialed Unqork Creators in 2020.
Key Quotes:
“After spending over 20 years in enterprise IT leadership, I can tell you firsthand that the demands on technology leaders have never been more intense. Unqork enables progressive enterprises to quickly create and manage the most sophisticated, industrial-strength software using entirely no-code, visual tools. IT leaders are reporting speeds to deploy value-creating technology over one-hundred times faster than traditional coding. This latest funding round provides us with the resources needed to continue empowering these organizations to scale their businesses.”
– Gary Hoberman, Founder and CEO of Unqork
“We can say firsthand that Unqork is changing the way the financial services industry thinks about enterprise technology and how it gets built. Time and time again we see the power of the Unqork platform turn skeptical IT leaders into true believers.”
– Sarah Shenton, Vice President in the Merchant Banking Division at Goldman Sachs
“No-code in the enterprise has gained massive traction, thanks largely to Unqork’s adoption at the most complex organizations. This round is further proof that Unqork has the product, team and customer demand to continue to change the economics of enterprise IT.”
– Laela Sturdy, General Partner at CapitalG
