Industry companies are well on their way to raising at least $ 500 million by 2020
Startup Buzz is coming in waves, with a particular thesis or focus coming into fashion at certain times. Do you remember the short-lived boom in chat bots? That was a lot of fun. And there was the ICO craze that made every startup you’ve heard consider the funding option for at least a weekend.
We also endured the early AI bubble, blockchain rush, and cannabis-fueled wave. Even in sub-works, spikes can occur, such as in the neo-banking industry or in robo-advice. Hell, we saw mini-madness on Insurtech marketplaces and OKR software this year alone.
Fads in startups are not new. Today, as venture investments tend towards business software, we are in a kind of SaaS enthusiasm. However, within today̵
Low code and no code largely refer to tools that non-developers can use either little (low code) or no code while creating logic in software or full applications. Low-code and no-code development often have drag-and-drop interfaces (Techopedia, TechTarget), but not all low-code and no-code tools are used to create apps.
It is difficult to define the sector and its focus. According to PitchBook, development platforms without code accelerate the creation of new applications with minimal coding requirements and offer tools for non-programmers. A recent TechCrunch article by some venture capitalists argued that low and no code work “is not a category itself, but a shift in the way users interact with software tools.”
A bit like AI and fintech are mushy categories, low code and no code have a wide range of tasks.
Having recently spoken to a number of entrepreneurs who have integrated these functions into their startups’ applications, the founders today seem to expect the functions to help non-developers reorganize the logic in apps for their own needs, instead of creating applications for whole fabrics.