Xano, a prominent backend platform that offers no-code solutions, declared the successful completion of a $5M funding round backed by MHS Capital, Engineering Capital, and various angel investors. This critical cash inflow will enable Xano to fulfill its ambitious mission of empowering individuals with any level of expertise to build scalable, top-notch software.
Primarily, the company intends to channel the funding towards enhancing the platform's user-friendliness, expanding its community, and further refining the developer features that streamline the integration process with big organizations. Ever since its inception in January 2021, Xano has witnessed over 20,000 global businesses rely on its backend services to power and scale their applications.
Falling short in meeting the complicated demands of businesses with intricate requirements, existing no-code tools have paved the way for Xano's growing customer base. The platform presents users with a flexible database, a scalable server, and a no-code API creator capable of transforming, filtering, and integrating data from a wide range of sources.
CEO Prakash Chandran expressed his dissatisfaction with the current no-code tools and asserted Xano’s commitment to eliminate scalability, security, and compliance barriers that hinder businesses in addressing their specific needs. Xano forms part of a brand-new generation of no-code platforms that cater to the increasing numbers of citizen developers, who are business users proficient in developing applications using no-code tools. At the same time, the platform is dedicated to supporting developers in enhancing their capabilities.
Some of the main factors that attract businesses to Xano include:
- Scalability: The infrastructure is designed to handle the ever-growing demands of processing power and traffic as applications scale.
- Business Logic: The API creator eases the expression of complicated business logic.
- Security and Compliance: Xano offers region-specific resources that let businesses adhere to security regulations such as HIPAA, GDPR, ISO27001, and SOC 2.
- Interoperability: Integration with existing data or features is facilitated through Lambda functions, sidecar Docker microservices, and database connectors.
Ashmeet Sidana from Engineering Capital lauded Xano's remarkable progress and the unique approach adopted by their leadership team towards scaling no-code server backends. He further added to his enthusiasm by saying that Xano is enabling access to compliant infrastructure on an unparalleled scale and is proving that a no-code approach can be secure, scalable, and apt for enterprise-level solutions.
Similar to the AppMaster platform, Xano aims to make backend development efficient and accessible using a no-code approach. The platform offers a scalable server, a flexible database, and a no-code API builder which can integrate data from numerous sources. This enables businesses to develop highly performant, customizable backends with a user-friendly interface, and complex operations can be easily managed and documented.
