Unqork, an enterprise no-code platform, raised $207 million in Series C funding at a $2 billion valuation.
The round was led by funds and accounts managed by BlackRock, and joined by Eldridge, Fin Venture Capital, Hewlett Packard Enterprise, Schonfeld Strategic Advisors, and Sunley House Capital Management. Existing investors CapitalG, Alphabet’s independent growth fund, Goldman Sachs, Broadridge Financial Solutions, Aquiline Technology Growth, and World Innovation Lab (WiL) also participated.
Unqork developed a completely visual, no-code application platform that helps large enterprises build complex custom software faster, with higher quality and lower costs than traditional approaches – all without a single line of code.
“At Unqork, we pride ourselves in fearlessly taking on huge challenges with our customers. That’s an important characteristic to have when your mission is to completely change the way enterprises create software by offering a better way without code,” said Gary Hoberman, founder and CEO, Unqork.
“The same scale that cloud computing brought to infrastructure, Unqork is now bringing to all enterprise software in every industry. That places Unqork in a unique position to capture the $500 billion wasted annually on custom enterprise code and this funding will accelerate our efforts.”
Unqork has seen rapid growth as leading organizations in financial services, insurance, government, healthcare, and other industries are increasingly turning to its cloud-based, enterprise no-code platform to solve their most challenging business problems.
The company’s customers include Aon, The District of Columbia, Goldman Sachs, Liberty Mutual, Montgomery County, New York City, Nippon Life, Pacific Life, Rethink Food, Vault, and Maimonides Medical Center.
Image credit: Unqork