Crowdbotics raises $40 million to help developers build apps from modular code • TechCrunch

Crowdbotics raises  million to help developers build apps from modular code • TechCrunch

Crowdbotics, a software development platform with a library of pre-built application architectures, today announced it has raised $40 million in a Series B led by NEA with participation from Homebrew, JSV, Harrison Metal and Cooley. The new money will be used to expand Crowdbotics’ enterprise presence, CEO Anand Kulkarni told TechCrunch in an email interview, as well as expand the company’s product offerings and invest in expanding its existing customer base.

Kulkarni founded Crowdbotics in 2017 after launching LeadGenius, which used artificial intelligence to scour the web and discover sales leads. With Crowdbotics, he sought to create a catalog of reusable code modules to simplify the software design and deployment process.

“With up to 80% of the requirements being similar across software applications—things like single sign-on processes or payment gateways are not very different from product to product—customers can build applications using strategies and reusable code modules that have worked before. and focus custom design efforts only on the truly unique parts of their application,” said Kulkarni. “Customers define unique software products using our design engine, powered by a growing repository of historical data about how applications are built. Customers can convert these specifications to code on Crowdbotics, typically in React, React Native, and Django, and deploy apps to the web, Android and iOS app stores, or on-premise environments, along with staging and production workflows.”

Kulkarni thinks of Crowdbotics as a kind of ERP for software development. ERP, or enterprise resource planning, is a system that helps organizations automate and manage core business processes. Instead of business processes, Crowdbotics organizes its management development processes, helping to develop applications in a consistent and, with any luck, on time.

Crowdbotics

Image sources: Crowdbotics

On the surface, the idea is not dissimilar to DhiWise, which transforms visual application elements into structured, readable, and modular code that can be built later for scalability. As for potential rivals, there’s Appsmith, which offers an open-source platform for internal development teams to build custom apps, and WorkOS and Onymos, which allow developers to add enterprise features like single sign-on (SSO). and directory synchronization for applications.

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“We’re replacing last-generation app building tools like Microsoft PowerApps and Mendix,” Kulkarni said confidently. “Crowdbotics prices based on the number of features in the app, regardless of the number of users… [and] it allows developers to work directly in open source software development frameworks like React Native and Django, and enables CIOs to set and enforce their own development and security standards – producing readable code.”

Kulkarni says most companies on Crowdbotics create a private library of modules on the platform, categorizing their own organization’s reusable code and data components. Developers can use these private module libraries to quickly create their own IT-approved feature libraries that can be maintained and reused across the organization. Or they can hire project managers and developers from Crowdbotics’ gig marketplace, paying a monthly fee for hosting, infrastructure, maintenance, monitoring, and more.

“By reusing standard, well-supported architectures and quickly merging modules of interoperable code, customers can quickly build stable applications or build applications to their own specifications,” added Kulkarni. “Reducing development time and budget, and facilitating large-scale reuse of code while playing well with the organization’s own standards, has benefits for the CTO, CIO, and other IT leaders that directly impact their performance and their department’s bottom line.”

There may be a bit of hyperbole. But Crowdbotics, which has raised more than $68 million to date, certainly hasn’t let customers down. The startup claims there are more than 500, the largest of which is the US Air Force, which uses Crowdbotics to build flight analytics and training tools. According to Kulkarni, Crowdbotics’ revenue has tripled annually over the past three years, and its 90-person workforce will double by the end of 2023.

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“Currently, the changing economy is affecting most businesses, and ensuring that capital is not wasted is a critical concern. Crowdbotics is positioned to help organizations manage their development resources more strategically and efficiently,” said Kulkarni. “Not only does it reduce overhead and overhead, but it also creates a path for code reuse, ensuring that all future developments are equally cost-effective… We’ve seen the impact of the pandemic accelerate as digital transformation initiatives have moved to the forefront of every company. strategy and we expect the business to continue to grow well into the 2023 market as companies start reusing code and turning to Crowdbotics to reduce software development costs.”

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