There are differing opinions on the extent to which no-code & low-code software applications could eventually replace human software developers. Still, every software that handles the technical "heavy lifting" is significantly impacting businesses — making app development accessible to more employees, filling the talent gap, and allowing existing developers to focus on more complex tasks.
A cursory examination of the current funding environment reveals no indication that the no-code/low-code revolution is waning. Webflow raised $120 million for a no-code website builder in 2022; Softr raised $13.5 million for a Series A to help companies create applications on top of Airtable databases; Appsmith secured $41 million for a Series B to power personalised internal business apps; Retool attracted $45 million for a similar offering, and Thunkable secured $30 million for a no-code mobile app development platform.
So, despite the general economic slump, it seems that 2022 was reasonably good to entrepreneurs working in the no- and low-code space, something that Northern Irish firm Budibase is capitalising on by announcing a new $7 million fundraising round to develop an open source web app builder further.
An Introduction to Budibase
Budibase was founded in 2019 in Belfast. It enables customers to connect to an external data source, including Postgres, MySQL, Oracle, Google Sheets, or Airtable, and construct internal tools or business applications in minutes. These applications may consist of everything from customer helpline applications, applicant tracking systems, & inventory management systems to administrative panels, portals, and forms.
According to the Budibase reviews, the platform also has a CouchDB-based built-in database for individuals who want to create programs from scratch.
Joe Johnston, the creator of Budibase, told TechCrunch, "Every organisation we contact with says the same thing: 'We have a large backlog of internal tool tickets preventing us from progressing. Compared to traditional methods, "Budibase allows firms to build internal tools and adjust procedures in days rather than months, which is a major cost saver and innovation engine."
BudiBase Features: Open sourced
One of Budibase's primary selling points is that it is open source, which gives businesses more flexibility and expandability and enables them to host everything on their servers. This is especially important for businesses with sensitive data that they may wish to safeguard from the SaaS-like grip of third-party infrastructure.
In terms of an extra self-hosted edition of Budibase, the firm provides a variety of professional and enterprise packages with add-on features (such as service-level agreements and infinite automation logs) and even a fully-managed hosted version.
Budibase is comparable to other companies in the open-source low-code development field, such as Appsmith and Joget, the latter of which announced its first institutional finance in the form of a $2.2 million pre-Series A investment this year. This shows the need for no- and low-code app builders and the ability to control corporate data and have complete visibility into what's happening behind the scenes.
Johnston said that "businesses like it since they have access to the source and can make changes if required." As a means of lowering potential harm, this is helpful.
BudiBase Features: Automation
Budibase seeks to differentiate itself in various ways, including via subjective factors such as usability and objective differentiators such as built-in automation akin to Zapier.
Budibase contains automation driven by webhooks and actions prepared to proceed out of the box but can also be altered by technically-savvy users who want to add their scripts. Such automation may cover any variety of use cases, such as automatically accepting (or refusing) an employee's vacation request via an internal form or notifying the sales team of a new incoming lead at the start of their shift.
According to a statement by Johnston, the company is focused on building a platform that enables developers and non-developers to innovate and advance their working area.
A glance at the homepage of Budibase shows an astonishing lineup of brand logos, including Google, Netflix, Tesla, and Disney. At first sight, it may seem that these domains are Budibase clients; however, this is not the case. Budibase uses the tracking tool Scarf to determine which domains are installing the open-source Budibase software. This doesn't tell us anything about how Budibase is being utilised at these firms, whether it's being tested internally or interested staff are just downloading it out of personal curiosity.
Johnston said, "Employees from several of the firms named are involved in our community." Scarf informed us that Google had downloaded the Budibase Docker image around 150 times.
Budibase had previously secured $1.8 million in early finance, and its most recent $7 million "seed II" round of fundraising comprised investments from SignalFire, Angular Ventures, Techstart, and several individual investors.
Featured image: Budibase
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