Unqork Closes $131 Million For No-code Application Platform

Unqork Closes $131 Million For No-code Application Platform

by NeoTech Post

Unqork, a no-code application platform for the enterprise, closed $51 million in additional growth funding for its Series B round from existing investor Goldman Sachs, along with new investors Aquiline Technology Growth and World Innovation Lab (WiL).

According to the company, its no-code application platform helps large enterprises build complex custom software and applications faster, with higher quality, and lower costs than conventional approaches. 

The company’s clients include Liberty Mutual, John Hancock, Manulife, HSBC, Pacific Life, and Maimonides Medical Center.

The latest additional funding closes a larger $131 million Series B round led by CapitalG, a growth equity investment fund of Google parent company Alphabet. 

The company plans to use the new funds to expand its sales and marketing teams across the U.S. and worldwide to meet the increasing demand for its no-code platform.

“After spending over 20 years in enterprise IT leadership, I can tell you firsthand that the demands on technology leaders have never been more intense,” said Gary Hoberman, Founder and CEO of Unqork. 

“Unqork enables progressive enterprises to quickly create and manage the most sophisticated, industrial-strength software using entirely no-code, visual tools. IT leaders are reporting speeds to deploy value-creating technology over one-hundred times faster than traditional coding. This latest funding round provides us with the resources needed to continue empowering these organizations to scale their businesses.”