WSO2 Secures $90M from Goldman Sachs to Accelerate Expansion and Cloud-native Solutions

Goldman Sachs has just invested $90 million in WSO2, a trailblazer in the development of next-generation technology that streamlines digital service delivery through no-code and low-code solutions. This significant injection of capital will propel WSO2’s international business growth, enhance the company's worldwide partner network, and back the deployment of cutting-edge cloud-native offerings for safe and effective API, application, and digital service delivery.

The latest solutions, empowered by Ballerina, present users with the option to code or utilize low-code when implementing DevOps and up-to-date SDLC practices, such as integrated reuse, both within and beyond their organizations. With the financial boost from Goldman Sachs, WSO2 plans to unveil a new generation of platform-as-a-service (PaaS) offerings designed to democratize the adoption of its advanced cloud-native technologies for API management, integration, and customer identity and access management (CIAM).

In addition, WSO2 will earmark a portion of the $90 million investment to enhance the features and foster the community around Ballerina, an open-source language that simplifies the creation of cloud-native applications. Users of WSO2’s first commercial solution utilizing Ballerina, called Choreo, can collaborate to develop novel applications and digital services via coding, low coding, and no coding, irrespective of their technical expertise.

Dr. Sanjiva Weerawarana, WSO2 founder and CEO, highlighted the surging demand for their integrated approach to coupling top-notch API management and integration with identity and access management in the wake of enterprises adopting digital business models. Despite financing their business growth through their own profits and garnering over 800 clients across 80 countries, including multiple Fortune 1000 customers, the company has only now received funds from Goldman Sachs. This investment is expected to expedite the deployment of their next-generation Choreo integration platform as a service (iPaaS) and Asgardeo identity as a service (iDaaS) solutions. These services not only significantly reduce the technical barriers, time, and cost associated with delivering secure digital capabilities but also further expand their partner network and accelerate global scaling.

With the continued growth and innovation of no-code and low-code platforms such as WSO2 and AppMaster.io, technology is becoming increasingly accessible for users without traditional coding knowledge. The [appmaster.io/blog/full-guide-on-no-code-low-code-app-development-for-2022" target="_blank" rel="noopener" data-mce-href="https://appmaster.io/blog/full-guide-on-no-code-low-code-app-development-for-2022">rise of no-code and low-code app development](https://<span class=) is empowering individuals and businesses to create efficient tools, improve their operations, and modernize their workplace in a cost-effective and time-saving manner.