Digibee, a low-code integration platform for enterprise companies, has raised $60 million in a Series B funding round led by Goldman Sachs with participation from Leadwind, Southern Europe, Vivo Ventures, Brazilian telco Vivo, Kinea, and G2D. With the latest funding, the total raised by Digibee amounts to $90 million, which will be used for growth in the US and Latin America. CEO Rodrigo Bernardinelli said they aim to provide AI capabilities and focus on developer enablement, as well as expanding customer support stateside.
The platform provides automated tools for app and process integration, which can be deployed in different environments. Digibee’s cloud services support the governance and development of integration flows. Customers can leverage enterprise apps, files, and other tools to create integration flows or pipelines. The pre-packaged business logic modules can be reused by internal teams and partners. Bernardinelli explained Digibee’s biggest differentiator is a consumption-based pricing model.
Digibee competes with several legacy integration vendors, but Bernadinelli stressed what sets them apart is their strategic requirement for digital transformation initiatives. A survey by IDG and TeamDynamix found that platforms like Digibee, known as iPaaS or integration platforms as a service, are becoming the preferred solution for enterprises adopting new digital technologies. As of November 2021, 27% of companies had already invested in iPaaS, with 66% planning to do so in the next 12 to 24 months.
Digibee plans to expand its workforce to more than 300 people by the year-end. Currently, the company has about 280 employees and over 250 customers.
