Creatio, a Boston-based software company, has recently raised an impressive $200 million in funding to further enhance its no-code customer relationship management (CRM) platform and app-building tools. The funding round, led by Sapphire Ventures with contributions from StepStone Group, Volition Capital, and Horizon Capital, valued Creatio at $1.2 billion.
Andie Dovgan, the Chief Growth Officer at Creatio, highlighted the company’s commitment to bringing innovation to the enterprise no-code market. The funds will be utilized to continue improving the product, focusing on enterprise-level automation and developing strategic components for various industries such as financial services, healthcare, and manufacturing.
Sapphire Ventures managing director Rajeev Dham praised Creatio’s AI-powered No-Code platform, emphasizing its flexibility and usability in empowering enterprise customers to quickly build, deploy, and personalize applications across CRM, case management, and workflow automation. Sean Cantwell, Managing Partner at Volition Capital, commended Creatio for addressing the complexity of traditional software vendors and delivering market-leading ROI to organizations.
Creatio’s success in the CRM space is attributed to its no-code approach, allowing non-technical users to set up customized CRMs with apps and automations tailored to their specific needs. With a customer base including major Fortune 500 brands like AMD and Coca Cola, Creatio targets mid-sized enterprises with annual revenues starting from $100 million.
The company’s recent advancements include connectors to generative AI platforms like OpenAI’s ChatGPT, enabling users to leverage AI assistants for data queries and application building. Incorporating AI and no-code capabilities, Creatio aims to revolutionize enterprise software by facilitating rapid app development and deployment with increased efficiency and scalability.
Empowered by the latest funding round, Creatio looks forward to continued growth and global expansion, with plans to evangelize its platform across various industries. By combining AI technologies and no-code solutions, Creatio is positioned to lead the new era of enterprise software innovation and deliver enhanced value to its customers worldwide.
