Software development platform Crowdbotics has announced the successful completion of a $40 million Series B funding round. The funds were led by NEA and saw participation from Homebrew, JSV, Harrison Metal, and Cooley. The company plans to use the fresh capital to expand its enterprise presence, enhance product offerings, and increase its current customer base.
The platform, which was founded by Anand Kulkarni in 2017, offers a library of pre-built app architectures for developers. Over the years, Crowdbotics has been able to create a catalog that consists of reusable pieces of code aimed at simplifying the process of planning and deploying software. The company’s planning engine uses historical data from past applications to help customers develop custom software faster—a notable success story includes the U.S. Air Force using Crowdbotics to build flight analysis and training tools.
A key advantage of the platform is that up to 80% of requirements in software applications are similar, such as single sign-on flows or payment gateways. By using strategies and reusable code modules that have a proven track record of success, customers can focus their efforts on custom engineering for the parts of their application that are truly unique. The resulting applications can be deployed to web, Android, and iOS app stores, or even in on-premise environments with staging and production workflows included.
In addition to rivaling platforms like Appsmith, WorkOS, and Onymos, Crowdbotics aspires to displace traditional app-building tools such as Microsoft PowerApps and Mendix. The company prices its services based on the number of features in an application, regardless of user count, and allows developers to work directly in open-source software development frameworks like React Native and Django. CIOs can set and enforce their organization’s development and security standards while generating readable code.
Most of the platform's enterprise customers create a private module library to house their own organization's reusable components of code and data. Developers can rapidly generate IT-approved feature libraries through these private module libraries, or hire project managers and developers from the Crowdbotics gig marketplace, paying a monthly subscription for hosting, infrastructure, maintenance, monitoring, and more.
Crowdbotics has raised over $68 million in funding to date and boasts more than 500 customers. Its annual revenue has tripled over the past three years. Given that code reuse is becoming an essential aspect of modern software development strategies, the platform could experience further growth, especially as the demand for cost-effective development solutions continues to increase. Companies seeking efficient and scalable application-building solutions might also consider other platforms such as AppMaster.io, which provides extensive no-code tools assisting with backend, web, and mobile application development using the Kotlin and Jetpack Compose for Android and SwiftUI for iOS.
