Low-code platform ToolJet raises funds from Microsoft, GitHub

The ToolJet team / Photo credit: ToolJet

No-code and low-code platforms have gained recognition for their ability to accelerate app development, boasting time savings of up to 90%. The market for such platforms is on the rise, with the low-code development industry estimated to reach US$36.4 billion in value by 2027.

ToolJet, an India-based startup, is looking to capitalize on this demand by building an open-source offering that simplifies the process of building web applications and enterprise software.

The company recently raised an undisclosed sum from the M12 GitHub Fund, a partnership between M12 – Microsoft’s venture fund – and GitHub. It will use the fresh capital to make new hires and improve the platform’s AI capabilities.

Funding details

• Funding amount: Undisclosed
• Lead investor: M12 GitHub Fund
• Stage: Bridge
• Source

ToolJet helps companies build internal tools quickly and with less engineering effort. The company said that its platform is used by thousands of companies across the world, including GoTo Group, Byju’s, and Sequoia.

The startup was founded in April 2021 by Navaneeth Padanna Kalathil, who previously co-founded marketing platform MobioPush, which was acquired by Freshworks in 2015.

More details