Overview

Convex Systems, Inc. provides a backend-as-a-service platform designed for developers creating reactive applications, such as live chat tools and real-time dashboards. Their service allows developers to build and deploy applications without the need to manage complex backend infrastructure, which simplifies the development process. Convex's platform is scalable and requires no setup, enabling teams to focus on building dynamic systems. Unlike many competitors, Convex offers a managed service that charges subscription fees based on usage, making it accessible for smaller teams while allowing them to scale as needed. The company's goal is to transform backend development by making it easier and more efficient for developers to create sophisticated applications.

Simplify's Take

What believers are saying

• Increased adoption of serverless architectures boosts demand for Convex's BaaS solutions.
• The rise of real-time collaborative apps aligns with Convex's core offerings.
• Investment from Netlify highlights interest in modern web development technologies.

What critics are saying

• Competition from established BaaS providers like Firebase and AWS Amplify is intense.
• Over-reliance on venture capital funding could lead to financial instability.
• Rapid technological changes may render Convex's offerings obsolete without continuous innovation.

What makes Convex unique

• Convex offers a zero-setup, infinitely scalable backend solution for reactive applications.
• The platform eliminates the need for developers to manage complex backend infrastructure.
• Convex's focus is on real-time state synchronization for collaborative and dynamic applications.

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Funding

Total Funding

$29.2M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:

Andreessen HorowitzSV AngelGeneral Catalyst

Notable Investors:

Andreessen HorowitzSV AngelGeneral Catalyst

$25,700,000

Series A

Apr 2022

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Above Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8.2M

$15M

$25.7M

$30M

View all funding stages