Betty Blocks Raises $33M in Series B Funding Round Led by CapitaLand and HPE Growth
Betty Blocks, a leading no-code application development platform, has recently announced that it has raised $33 million in a Series B funding round led by CapitaLand and HPE Growth. The company plans to use the funds to accelerate its global expansion and further develop its platform to meet the growing demand for no-code solutions.
Founded in 2012, Betty Blocks has quickly become a popular choice for businesses looking to build custom applications without the need for coding expertise. The platform allows users to drag and drop pre-built blocks to create complex applications, reducing the time and cost associated with traditional software development.
With the rise of digital transformation, businesses are increasingly turning to no-code platforms like Betty Blocks to streamline their operations and improve their customer experience. According to a recent report by Forrester, the no-code development platform market is expected to grow to $21.2 billion by 2022, up from $3.8 billion in 2017.
The Benefits of No-Code Development
One of the main benefits of no-code development is that it allows businesses to build custom applications quickly and easily, without the need for specialized coding skills. This means that businesses can respond to changing market conditions and customer needs faster than ever before.
No-code platforms like Betty Blocks also offer greater flexibility and agility than traditional software development methods. With traditional development, changes to an application can be time-consuming and expensive. With no-code development, changes can be made quickly and easily, allowing businesses to adapt to changing circumstances with minimal disruption.
Another benefit of no-code development is that it can help bridge the gap between IT and business teams. With traditional software development, IT teams are often seen as a bottleneck, slowing down the development process. With no-code platforms, business teams can take a more active role in the development process, reducing the burden on IT and improving collaboration between teams.
The Future of No-Code Development
As businesses continue to embrace digital transformation, the demand for no-code development platforms is only going to increase. According to a recent report by Gartner, by 2024, low-code application development will be responsible for more than 65% of application development activity.
No-code platforms like Betty Blocks are well-positioned to take advantage of this trend, offering businesses a fast, flexible, and cost-effective way to build custom applications. With the recent funding round, Betty Blocks plans to expand its global reach and continue to innovate its platform to meet the evolving needs of its customers.
The Role of CapitaLand and HPE Growth
CapitaLand and HPE Growth‘s investment in Betty Blocks is a testament to the growing importance of no-code development in the business world. CapitaLand, one of Asia’s largest real estate companies, sees the potential for no-code platforms like Betty Blocks to help streamline its operations and improve its customer experience.
HPE Growth, the investment arm of Hewlett Packard Enterprise, has a long history of investing in innovative technology companies. Its investment in Betty Blocks reflects its belief in the potential of no-code development to transform the way businesses operate.
Conclusion
Betty Blocks’ recent funding round is a clear sign that no-code development is here to stay. As businesses continue to embrace digital transformation, the demand for fast, flexible, and cost-effective application development solutions will only increase. With its innovative platform and strong backing from investors like CapitaLand and HPE Growth, Betty Blocks is well-positioned to lead the way in this exciting new field.
