Overview

Mendix offers a low-code application development platform that enables businesses to create mobile and web applications quickly and efficiently. The platform features a visual interface that simplifies the app creation process, allowing users with varying technical skills to build applications without traditional coding. This approach reduces the time and cost of software development. Mendix operates on a subscription model, where clients can access the platform online, with options for free trials and paid plans for advanced features. The company supports digital transformation by helping businesses modernize legacy systems, automate workflows, and create new digital experiences. Its cloud-based platform ensures that applications are portable, scalable, and can be deployed easily.

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.

Help us improve and share your feedback! Did you find this helpful?

YesNo

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

View all funding stages