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About Gumloop
Industries
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$20.5M
Headquarters
Vancouver, Canada
Founded
2023
Overview
Gumloop provides an AI-powered no-code platform that automates workflows for users without requiring any coding skills. Users can create automations, called 'flows,' by dragging and dropping modular components, known as nodes, onto a canvas. This user-friendly approach makes it accessible to a variety of users, from small businesses to large enterprises. The platform is designed to help businesses streamline operations, enhance productivity, and reduce manual tasks through automation. Gumloop operates on a subscription-based model, offering additional premium features and tailored enterprise solutions. What sets Gumloop apart from its competitors is its emphasis on user experience and community engagement, including real-time monitoring of workflows that gives users immediate feedback and insights, which is crucial for maintaining accuracy and efficiency in business operations.
Simplify's Take
What believers are saying
- Gumloop raised $24.5 million in Series A funding, supporting its expansion plans.
- The relocation to San Francisco aims to attract top talent and drive growth.
- Growing demand for no-code platforms aligns with Gumloop's business model and offerings.
What critics are saying
- High competition from established players like Zapier and Integromat in the no-code space.
- Challenges in attracting talent due to San Francisco's high cost of living.
- Risk of customer churn if the subscription model doesn't meet user expectations.
What makes Gumloop unique
- Gumloop offers a no-code platform for workflow automation, accessible to non-technical users.
- The platform features real-time monitoring, providing immediate feedback and insights into workflows.
- Gumloop emphasizes user experience and community engagement, setting it apart from competitors.
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Funding
Total Funding
$20.5M
Above
Industry Average
Funded Over
2 Rounds
First Round Capital
Y CombinatorIndustry standards
Benefits
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↑ 10%1 year growth
↑ 10%2 year growth
↑ 10%Vancouver's Gumloop, a no-code AI automation startup, has raised $24.5 million in Series A funding led by Nexus Venture Partners, with participation from First Round Capital, Y Combinator, and prominent angel investors including Max Mullen (Instacart), Shaan Puri, Bryant Chou (Webflow), and Reynold Xin (Databricks).
Gumloop, an AI-powered workflow automation platform, raised a $17 million USD ($24.5 million CAD) Series A round led by Nexus Venture Partners, with participation from First Round Capital and Y Combinator. The Vancouver-founded company is relocating to San Francisco to attract top talent. Co-founders Max Brodeur-Urbas and Rahul Behal aim for a $1 billion valuation with a small team. Gumloop has raised a total of $20 million USD to date.
Work automation platform Gumloop raises $24.5-million Series A as it relocates to Silicon Valley.
As it prepares to relocate from Vancouver to San Francisco, Gumloop has closed a $17 million Series A round led by Nexus Venture Partners with participation from First Round Capital, Y Combinator, and angel investors including Instacart co-founder Max Mullen and Databricks co-founder and chief architect Reynold Xin.
Y Combinator grad Gumloop secures $3.1 million USD in seed funding to grow no-code automation tool.
Gumloop is Hiring for 2 Jobs on Simplify!
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About Gumloop
Industries
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$20.5M
Headquarters
Vancouver, Canada
Founded
2023
Gumloop is Hiring for 2 Jobs on Simplify!
Find jobs on Simplify and start your career today