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Tag: Unqork

  • Unqork Extends Automated No-Code SDLC Platform

    Unqork Extends Automated No-Code SDLC Platform

    Unqork today announced it has extended a no-code platform for managing the software development life cycle (SDLC) to include the ability to automatically document changes to application programming interfaces (APIs) and data models in addition to adding a point-in-time rollback capability.

    Ken Gavranovic, head of strategy and engineering for Unqork, said Unqork 2021.5 also adds a range of dashboards for monitoring application dependencies, service logs, revisions, logs and metrics.

    Finally, Unqork is adding tools to analyze, test and debug configurations along with enabling workflows to subscribe to events and adding a search capability for release candidates.

    Unqork is designed to present IT teams with a set of visual tools through which they can manage SDLC processes without having to build and maintain a platform made up of disparate offerings that they need to then integrate, said Gavranovic. The goal is to reduce the overall size of the team required to maintain an application development environment to enable organizations to allocate more time and resources to building applications, he added.

    The auto documentation for APIs is being added at a time when IT organizations are starting to employ a larger number of APIs as they transition toward building and deploying microservices-based applications. In addition to making it easier to reuse APIs, Unqork also now makes sure documentation for those APIs is always current, said Gavranovic.

    At the same time, Unqork is now providing a means to automatically document changes to data models based on a data store that is integrated in the platform, noted Gavranovic. That capability enables organizations to implicitly add governance capabilities to workflows with a minimal amount of friction.

    As organizations look to accelerate the rate at which applications are being developed to enable multiple digital business transformation initiatives, Gavranovic said more of them are starting to realize their existing processes are too complex and cumbersome to achieve that goal. Unqork is based on a data store that is shared by all the modules that make up the platform, which, in addition to enabling reusability, makes Unqork easier to deploy and manage, added Gavranovic.

    In addition, Gavranovic also noted that, over time, complex processes only increase the overall burnout rate of the development team. It’s hard enough to hire and retain developers today without requiring them to navigate a complex application development environment, he added. Eventually, the best talent will migrate to organizations that make it as easy for them to write code as possible, said Gavranovic.

    It’s not clear to what degree IT organizations will be revisiting the way they build software in the months ahead but as more of them realize how dependent the business now is on the timely delivery of software it’s only a matter of time before pressure to automate as much of the software development process as possible starts to mount. The cost of replacing an application development environment is, of course, not insubstantial. However, continuing to do the same thing with the expectation of producing a different result is, by definition, insanity.

  • Unqork Announces $207 Million in Series C Funding, Raising Company Valuation to $2 Billion

    New investment accelerates enterprise no-code leader’s mission to revolutionize how large organizations build mission-critical software

    New York – October 06, 2020 – Unqork, the leading enterprise no-code platform, today announced it has secured $207 million in Series C funding, raising the company’s valuation to $2 billion. The round is 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, a subsidiary of Advent International. Existing investors including CapitalG, Alphabet’s independent growth fund, Goldman Sachs, Broadridge Financial Solutions, Aquiline Technology Growth and World Innovation Lab (WiL) are also participating.

    Unqork invented the first 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. Unqork’s platform was designed to meet the complexity, scale and security required to support mission-critical applications at the world’s largest enterprises.

    “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, health care and other industries are increasingly turning to its cloud-based, enterprise no-code platform to solve their most challenging business problems. Unqork has reached a number of milestones in 2020, including:

    • Increasing headcount more than 100%, from 165 to over 350
    • Growing annual recurring revenue (ARR) at a triple-digit rate for the third year in a row, driven by new customer acquisition and ARR expansion within its existing customer base
    • Expanding into EMEA markets with the opening of a London office and operating in North and South America, Europe and Asia
    • Adding to senior leadership with the hiring of the company’s first chief financial officer
    • Partnering closely with leading municipalities to leverage Unqork’s no-code platform to help combat issues caused by COVID-19

    “Unqork has reimagined the way enterprise software is created,” said Michele Trogni, operating partner, Eldridge. “As a no-code platform that is designed to simplify and digitize mission-critical and often highly complex business functions at large organizations, Unqork is uniquely positioned in the market. It makes the buy versus build decision a no-brainer.”

    Unqork’s customers include Aon plc, The District of Columbia, Goldman Sachs, Liberty Mutual, Montgomery County, New York City, Nippon Life, Pacific Life, Rethink Food, Vault and more.

    New customer, Maimonides Medical Center, is the largest hospital in Brooklyn and at the forefront of innovative medicine.

    “We are committed to providing optimal experiences for our patients and the clinicians we work with. As we move to support modern care delivery, Unqork’s broad capabilities made them an ideal technology partner on our digitization journey,” said Ken Gibbs, president and CEO, Maimonides Medical Center. “We are confident that Unqork’s ability to easily integrate with complex internal and external systems, its ability to securely handle health care data, and its support of a high-fidelity user interface that meets the expectations of our patients will give us a unique way to connect with those we serve.

    Unqork will use the new funding to further execute on a number of ongoing initiatives, such as:

    • Growing its global salesforce to meet increasing demand for Unqork’s platform
    • Investing further in the company’s technology created by its world-class engineering team
    • Expanding training and go-to-market partnerships with the world’s leading services firms and systems integrators including Capco, Cognizant, Deloitte, EY, KPMG and Virtusa

    To learn more about how Unqork is shaping the future of enterprise software, visit unqork.com.

    About Unqork

    Unqork is the industry pioneer no-code enterprise application platform that helps large companies build, deploy, and manage complex applications without writing a single line of code. Organizations like Goldman Sachs, Liberty Mutual, the Cities of New York and Washington, DC and Maimonides Medical Center are using Unqork’s drag-and-drop interface to build enterprise applications faster, with higher quality, and lower costs than conventional approaches. To learn more, please visit: https://www.unqork.com.