Creatio Secures $200 Million Funding to Lead the Enterprise No-Code Market
June 27, 2024, 9:34 pm
Location: United States, Massachusetts, Boston
Employees: 501-1000
Founded date: 2013
Total raised: $268M
Creatio, a prominent vendor of a no-code platform for automating CRM and enterprise workflows, has recently announced a significant milestone in its growth journey. The company has successfully raised $200 million in funding, resulting in a valuation of $1.2 billion. This investment round, spearheaded by Sapphire Ventures, signifies a major vote of confidence in Creatio's disruptive strategy and product vision.
Creatio's success can be attributed to its relentless focus on delivering unparalleled time-to-value to its clients through a powerful combination of no-code technology and AI. With a proven track record of 50% revenue growth year after year, Creatio has significantly expanded its global customer base and partner network. The company's commitment to customer success, coupled with its innovative platform features such as composable architecture and Gen AI-powered Copilot, has set it apart in the competitive enterprise software landscape.
Katherine Kostereva, CEO of Creatio, expressed her excitement about the investment, highlighting the company's mission to revolutionize the traditional enterprise software approach. By leveraging the new funding, Creatio aims to accelerate its global expansion efforts and empower clients to use technology as a competitive differentiator in their businesses.
The investment round also received praise from industry experts, with Rajeev Dham, Managing Director at Sapphire Ventures, commending Creatio's AI-powered no-code platform for its exceptional flexibility and usability. Sean Cantwell, Managing Partner at Volition Capital, lauded Creatio for addressing the complexity and inflexibility of traditional software vendors, enabling organizations to achieve market-leading ROI.
Creatio's recognition as a leader and strong performer in various Low-Code/No-Code and CRM reports by Gartner and Forrester further solidifies its position in the market. The company's no-code platform has been positioned as a leader in The Forrester Wave™: Low-Code Platforms for Citizen Developers, Q1 2024 report, underscoring its industry-leading capabilities.
Looking ahead, Creatio plans to focus on driving innovations in no-code and AI, expanding its partner channel globally, and growing its team across key areas such as R&D, customer success, marketing, and sales. By continuing to deliver immediate results and personalized touch to its customers and partners, Creatio aims to strengthen its position as a market leader in the enterprise software space.
In conclusion, Creatio's recent funding milestone marks a significant step forward in its journey to lead the enterprise no-code market. With a strong focus on innovation, customer success, and global expansion, Creatio is well-positioned to drive transformative change in the world of enterprise software.
Creatio's success can be attributed to its relentless focus on delivering unparalleled time-to-value to its clients through a powerful combination of no-code technology and AI. With a proven track record of 50% revenue growth year after year, Creatio has significantly expanded its global customer base and partner network. The company's commitment to customer success, coupled with its innovative platform features such as composable architecture and Gen AI-powered Copilot, has set it apart in the competitive enterprise software landscape.
Katherine Kostereva, CEO of Creatio, expressed her excitement about the investment, highlighting the company's mission to revolutionize the traditional enterprise software approach. By leveraging the new funding, Creatio aims to accelerate its global expansion efforts and empower clients to use technology as a competitive differentiator in their businesses.
The investment round also received praise from industry experts, with Rajeev Dham, Managing Director at Sapphire Ventures, commending Creatio's AI-powered no-code platform for its exceptional flexibility and usability. Sean Cantwell, Managing Partner at Volition Capital, lauded Creatio for addressing the complexity and inflexibility of traditional software vendors, enabling organizations to achieve market-leading ROI.
Creatio's recognition as a leader and strong performer in various Low-Code/No-Code and CRM reports by Gartner and Forrester further solidifies its position in the market. The company's no-code platform has been positioned as a leader in The Forrester Wave™: Low-Code Platforms for Citizen Developers, Q1 2024 report, underscoring its industry-leading capabilities.
Looking ahead, Creatio plans to focus on driving innovations in no-code and AI, expanding its partner channel globally, and growing its team across key areas such as R&D, customer success, marketing, and sales. By continuing to deliver immediate results and personalized touch to its customers and partners, Creatio aims to strengthen its position as a market leader in the enterprise software space.
In conclusion, Creatio's recent funding milestone marks a significant step forward in its journey to lead the enterprise no-code market. With a strong focus on innovation, customer success, and global expansion, Creatio is well-positioned to drive transformative change in the world of enterprise software.