Overview

Mendix provides a low-code application development platform that allows businesses to create mobile and web applications quickly using a visual interface. This platform simplifies the app creation process, making it accessible to users with different levels of technical skills, and reduces the time and cost of software development. Unlike its competitors, Mendix focuses on empowering a wide range of users, from professional developers to first-time creators, to efficiently develop applications. The company's goal is to support digital transformation by helping businesses modernize their systems and automate workflows.

Simplify's Take

What believers are saying

• Mendix's AI tools and enhanced security features meet growing cybersecurity demands.
• The platform's cloud-native architecture aligns with the rising demand for multi-cloud environments.
• Mendix's focus on democratizing software development supports the trend of non-developer app creation.

What critics are saying

• Emerging low-code platforms offering similar features at lower costs threaten Mendix's market share.
• Rapid AI advancements may outpace Mendix's current capabilities, affecting its attractiveness.
• Security vulnerabilities in low-code platforms could damage Mendix's reputation and trust.

What makes Mendix unique

• Mendix offers a comprehensive low-code platform for the entire application lifecycle.
• The platform enables both developers and non-developers to build robust applications easily.
• Mendix's cloud-native architecture allows one-click deployment on any cloud or on-premise.

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Funding

Total Funding

$728.8M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:

Battery Ventures

Notable Investors:

Battery Ventures

$690,800,000

Acquisition

Aug 2018

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!

Acquisition Funding Comparison

Coming Soon

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