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June 29, 2020

“The future of coding is no coding at all,” says Chris Wanstrath, CEO at GitHub. Coronavirus and the WFH shift that followed have accelerated the arrival of that future. Current forced work-at-home mandates have scrambled and scattered enterprise IT teams as they struggle to juggle priorities. There simply isn't time to respond to new development requests, which makes a simpler coding environment that much more attractive.

While the no-code development space has existed for quite some time, it is finally catching mainstream attention. AWS today announced the beta launch of Amazon Honeycode, a new, fully managed low-code/no-code development tool that aims to make it easy for anybody in a company to build their own applications. All of these tools are backed by a database in AWS and a web-based, drag-and-drop interface builder.

No-code allows companies to take ideas, using minimal time and resources, and launch a live product very quickly. This path offers a less-costly alternative to building a team of designers and developers, or outsourcing to an agency, ultimately befitting an agile post-COVID environment.

 

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No-Code Developing Tools:

Bubble is a visual programming language and application platform as a service, developed by Bubble Group, that enables non-technical people to build web-applications without needing to type code. Instead, users draw the interface by dragging and dropping elements onto a canvas and defining workflows to control the logic. Bubble's vision is to make hand coding largely obsolete. While the platform is visual, it does require some learning and can be used to create more advanced functionality than what is possible with template-oriented web application builders such as Wix. It is used in schools for educational purposes, and by other organizations for commercial purposes.

AppSheet provides a no-code development platform for application software, which allows users to create mobile, tablet, and web applications using data sources like Google Drive, DropBox, Office 365, and other cloud-based spreadsheet and database platforms. The platform can be utilized for a broad set of business use cases including project management, customer relationship management, field inspections, and personalized reporting. AppSheet was acquired by Google in January 2020.

If This Then That, also known as IFTTT, is a freeware web-based service that creates chains of simple conditional statements, called applets. In addition to the web-based application, the service runs on iOS and Android. In February 2015, IFTTT renamed its original application to IF and released a new suite of apps called Do, with which users can create shortcut applications and actions. As of 2015, IFTTT users created about 20 million recipes each day with just one of the Do apps. All of the functionalities of the Do suite of apps have since been integrated into a redesigned IFTTT app.

Funding & Deal Highlights:

APDS, a public-benefit corporation working to make quality education accessible to every incarcerated learner by leveraging EDtech innovations, announces that it has raised $5M in new funding in a Series B round. The new investments will fuel the growth of APDS's programs across correctional facilities and equip the company to continue to advance its proprietary learning platform and content offerings.

Reconnect, based in Cumberland, Maine, is dedicated to building technology for accountability, starting with the Criminal Justice industry. Reconnect's mission is to use technology to fight incarceration, recidivism, and addiction, which collectively cost the US over $1T annually and have a tremendous impact on communities nationwide. Reconnect has raised $3.7M in 2020 to continue this important work. The funds will further the development of data-driven software and hardware designed to improve outcomes for individuals in the justice system.

Cybersecurity firm Tanium hits a $9B valuation after being backed by Salesforce Ventures.

New York City fintech startup Capital Markets Gateway raises a $25M round to fuel the growth of its tech platform, which helps streamline the equity capital markets deal flow process.

Simcha Therapeutics, a New Haven, Conn.-based biotechnology company developing biologic drugs that modulate cytokine pathways, launches with $25M in Series A financing.

Doorkee, the all-in-one digital platform offering landlords and tenants a modern solution to the antiquated rental process, announces that it has raised $5.7M in early-stage funding. The round was led by prominent New York City landlord Simon Baron Development and early-stage venture capital firms Corigin Ventures and Alpha Edison, which both have significant experience investing in proptech startups. Investors in the round also included well-known landlords Stonehenge NYC and Bushburg Properties. Simon Baron, Stonehenge, and Bushburg have been instrumental in helping Doorkee scale and refine its differentiated value proposition, which focuses on providing a better moving experience for all involved.

Poseida Therapeutics, Inc., a clinical-stage biopharmaceutical company dedicated to utilizing proprietary gene engineering platform technologies to create next-generation cell and gene therapeutics with the capacity to cure, announces the closing of a Series D financing round, raising $110M. The financing was led by funds advised by Fidelity Management Research Company, LLC, with participation by Adage Capital Management and Schonfeld Strategic Advisors. A number of current investors also participated in the financing.

Sesajal takes a minority stake in Rhythm Superfoods.

Santa Monica-based airport parking companies AirportParkingReservations.com and ParkSleepFly Inc. have been acquired by MAG USA, the U.S. arm of British airport operator Manchester Airports Group.

Private-equity firms Thoma Bravo and Madison Dearborn Partners are backing the formation of Syntellis Performance Solutions LLC as an independent business.

ZSi-Foster Inc., an Ideal Tridon company, announces that it has completed the acquisition of Hydra- Zorb Company. Terms of the transaction were not disclosed.

Cedar Gate Technologies, a leading value-based care performance management company, announces its acquisition of Citra Health Solutions, a leading provider of capitation management software solutions.

Since last week, PrivCo has added:
908 Profiles Updates | 176 M&A Deals172 Funding Activities
    Revenues, EV, EBITDA, and Valuations
Google will start paying some publishers for news articles
Google says it is starting the program with publishers in Germany, Australia, and Brazil, but says that it has “more to come soon.” Publishing partners include Der Spiegel in Germany and Schwartz Media in Australia.
[Read more].
Amsterdam to ban Airbnb in city center, require permits for holiday rentals
The Amsterdam city council will ban tourist rentals in the heart of the old city and part of the canal area as well as require special permits for the rest of the city, starting July 1. [Read more].
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