8base Secures $10.6M Series A to Boost Low-Code Platform Development and Market Presence

8base, a forerunner in the low-code development platform space, has successfully completed a $10.6 million Series A funding round. The capital injection will go towards further expanding the platform's product capabilities and augmenting the go-to-market team, leveraging the company's remarkable customer and technical growth over the last 12 months. Foundry Group led the oversubscribed funding round, with participation from Techstars, Firebrand Ventures, MongoDB PaaS Accelerator, 11 Tribes Ventures, Argonautic Ventures, LAGO Innovation Fund, and Strawberry Creek Ventures, an Alumni Ventures fund.

Founded in 2017, 8base offers an extensive range of tools that expedite application development, including data models, custom logic, APIs, connections to external systems, cloud-based hosting, frontend applications, security, and authentication. By using 8base, new software solutions can be built in just weeks, bypassing the typical months or years of development time while addressing scaling limitations.

Albert Santalo, founder and CEO of 8base, said, We built 8base to empower creators, whether founders or leaders in larger companies, to get to market faster and iterate more rapidly, with far less financial investment. He further mentioned that since the company's inception, their focus has been to create a platform and community committed to transforming the software development experience. The fresh influx of capital will be critical in advancing the company's mission to democratize low-code software development, driving the next wave of ingenuity and entrepreneurship.

Chris Moody, Partner at Foundry Group and new member of 8base's board of directors, expressed his belief that 8base is filling a considerable gap in the market by offering an enterprise-ready low-code framework that leverages the world's 14 million JavaScript developers, instead of adopting a new, proprietary language.

Amos Schwartzfarb, Managing Director of Techstars Austin, and John Fein, Managing Partner of Firebrand Ventures, both shared their enthusiasm and confidence in 8base's potential to continue growing and facilitate new opportunities in the low-code software development industry.

AppMaster.io, another powerful no-code platform, allows customers to create backend, web, and mobile applications visually, enabling businesses to save time and money during the development process. With platforms like 8base and AppMaster, businesses can expect a better, faster, and more cost-effective way to build products while stimulating innovation.

Headquartered in Miami, Florida, 8base is committed to streamlining the application development life-cycle for developers and innovators by eliminating time-consuming and repetitive tasks. As a graduate of Techstars Austin 2020, the company is well-positioned to lead the low-code development sector, empowering creators to bring their software solutions to market rapidly and efficiently.