ToolJet, an open-source low-code platform for building and deploying internal tools, has raised funding from Microsoft’s M12 Fund and GitHub. The amount of investment was not disclosed.
ToolJet was founded in 2021 by Navaneeth PK. The platform allows developers to build internal tools without having to write code. It features a drag-and-drop interface and a wide range of pre-built components.
ToolJet is used by companies of all sizes, including startups, scale-ups, and even unicorns. The platform has over 13,000 stars on GitHub and a community of over 200 contributors.
The funding from Microsoft’s M12 Fund and GitHub will be used to accelerate ToolJet’s growth. The company plans to use the funds to hire more developers, expand its marketing efforts, and develop new features.
In a statement, Navaneeth PK said: “We are excited to partner with Microsoft’s M12 Fund and GitHub. This funding will help us accelerate our growth and make ToolJet the go-to platform for building internal tools.”
The investment in ToolJet is a sign of the growing interest in low-code development. Low-code platforms allow developers to build applications without having to write code. This can save time and money, and it can make it easier for non-technical users to build applications.
The market for low-code development is expected to grow significantly in the coming years. Gartner predicts that the global low-code development market will reach $13.8 billion by 2022.
The funding in ToolJet is a good indication that the low-code development market is here to stay. The platform has a strong community of users and developers, and it is well-positioned to capitalize on the growth of the market.
Here are some additional details about the funding:
The funding round was led by Microsoft’s M12 Fund and GitHub.
Other investors in the round include Nexus Venture Partners, Ratio Ventures, Better Capital, and January Capital.
The funding will be used to accelerate ToolJet’s growth, hire more developers, expand its marketing efforts, and develop new features.