Germany-based Bryter announced a USD $66 million Series B round of venture capital for its no-code enterprise platform, bringing its total raised to $89 million.
Low-code no-code has been an emerging trend over the last three years. 2021 looks to be the year with a convergence of user/buyer demand and the technology being sufficiently integrated into HCM platforms. Buyers looking at low code no code solutions should be careful to assess the funding and financial viability of the many startups in the category. It’s also a good idea to inquire with any platform vendors they currently use on where this or other automation solutions fall in priority on the roadmap.
Firms like Bryter or its competitor airSlate, bring this tech to the enterprise across all functions – a true platform play. There are a few category-specific players like Sora that focus on HR. While other solutions like WalkMe are not truly low-code no-code but offer automation across the tech stack that improves adoption and user engagement. Leaders looking to bring user-driven automation to the enterprise focused on work, HR, and employee experience have a growing list of approaches and tech providers to consider.
Low-code no-code wasn’t a prevalent trend in the 2020 Global HR Tech VC Lookback Report, but we are seeing more of it emerging in 2021.
$2.7 billion was invested globally in work tech during 2021 Q1 alone. Get the WorkTech free report and analysis here.
Source: Enterprise no-code platform BRYTER raises $66 million Series B to accelerate US expansion, led by Tiger Global