Overview

Unqork offers a no-code platform that allows businesses to create and manage cloud-based applications without writing code, which reduces the time and costs of traditional software development. The platform is designed for highly regulated industries like finance, insurance, government, and healthcare, ensuring compliance with strict regulations. Unqork operates on a subscription model, providing tools for the entire application lifecycle and additional training through Unqork Academy. Its focus on no-code solutions for complex industries differentiates it from competitors, with the goal of simplifying application development for faster and more efficient results.

Simplify's Take

What believers are saying

• Unqork's new leadership hires aim to enhance cloud and AI strategies.
• The platform's new features, UDesigner and Vega, address technical debt issues.
• Unqork's focus on public sector expansion is reinforced by strategic leadership hires.

What critics are saying

• Increased competition from AI-driven platforms like Sixfold could challenge Unqork's market share.
• High-profile executive appointments may lead to increased operational costs and pressure.
• Rapid platform enhancements may lead to technical challenges affecting user experience.

What makes Unqork unique

• Unqork offers a no-code platform for building complex applications without coding.
• The platform serves highly regulated industries like finance, insurance, and government.
• Unqork's subscription model includes tools for the entire application development lifecycle.

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Funding

Total Funding

$365.2M

Above

Industry Average

Funded Over

4 Rounds

$207,000,000

Series C

Oct 2020

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$207M

View all funding stages