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TWTW Weekly Wrap Up: 15-21 Jan
"Low-code, no-code puts the power of efficiency into the hands of a newer generation of corporate professionals who have a greater aptitude for technology." — Jagdish Mitra, Chief Strategy Officer & Head of Growth, Tech Mahindra
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Last Week’s Latest
- The messaging platform Discord announced its acquisition of Gas, an app that’s popular among teens for its positive spin on social media.
- Tabby raises USD 58 million at USD 660 million valuation as PayPal Ventures makes first investment in the GCC
- Cumul.io, the company behind a low-code business intelligence (BI) analytics platform for software-as-a-service (SaaS) companies, has raised EUR 10 million (USD 10.8 million) in a Series A round of funding.
- IPwe Inc., along with Casper Labs, announced the largest enterprise blockchain deployment in history on January 18th, 2023, in Davos, Switzerland, during the week of the World Economic Forum.
- MacroFab secures USD 42 million in growth funding from Foundry, Edison Partners and BMW i-Ventures
- Sai Life Sciences opens new High-Potency API manufacturing facility at its Bidar campus
- In another boost to Apple manufacturing in India, the tech giant's several Chinese suppliers in the country have got initial clearance, the media has reported.
- Tech giant Microsoft has invested an undisclosed amount in HR tech startup Darwinbox as part of its Series D funding.
- Gogoro, the Taiwanese paladin for two-wheeler battery swapping, is working with the Indian state of Maharashtra to establish state-wide battery charging and swapping infrastructure.
- PhonePe, Paytm world’s most downloaded finance apps in 2022; India dominated the list of top finance apps in the world
Focused Story Of the Week #2: Low Code, No Code – Making Enterprises Efficient
A EUR 10 million Series A round of funding has been secured by Cumul.io, the firm behind a low-code business intelligence analytics platform for SaaS businesses. The future of web development is turning out to be low-code development. By 2024, low-code application development will account for more than 65 per cent of all application development effort, predicts Gartner. Low-code and no-code platforms have historically grown to be quite popular due to their assurance that functional teams will be able to create applications more quickly.
For developers, the advantages of low-code development are well understood. To speed up the launching of their goods, software developers have increased their focus on low-code platforms. Even seasoned SaaS developers are now evaluating the viability of low-code platforms for quick application creation with less coding in the era of cloud-powered SaaS solutions. Experienced developers need less time to design a new application than they would using conventional programming techniques. Low-code platforms also work more quickly to address faults, take consumer feedback into account, and add new features.
Low-code platforms cater to the business side of application development by making third-party integrations simpler. More people who have an interest in the product are involved in the entire creation process. By doing this, the product is improved and better suited to user requirements.
Because of the way "conventional" application development is changing thanks to low-code tools and platforms, even seasoned engineers can benefit from them. As more SaaS businesses use low-code development to create their applications and products, more money is being invested globally into SaaS-ifying enterprises.
"Low-code, no-code puts the power of efficiency into the hands of a newer generation of corporate professionals who have a greater aptitude for technology."