The collaboration will boost the open-source app building platform’s growth, benefitting businesses with efficient and customizable solutions.
In a major boost to its growth prospects, ToolJet, the innovative open-source low-code platform, has secured funding from M12, Microsoft’s venture fund and GitHub via the M12 GitHub Fund. The collaboration brings together two industry giants, Microsoft and GitHub, and holds great promise for accelerating ToolJet’s expansion and customer reach.
Embraced by developers worldwide, Bengaluru-based ToolJet has gained immense popularity with nearly 20,000 stars and the active contributions of 350 developers on GitHub. ToolJet offers a user-friendly platform for companies to build customized internal business applications without extensive coding knowledge. These applications can include admin panels, order tracking systems and more. The platform enables this by seamlessly connecting to various data sources like Postgres, MySQL and Airtable.
Fueling innovation, empowering AI-driven applications
The partnership between ToolJet and Microsoft’s M12 GitHub Fund goes beyond financial backing. It’s set to unleash a wave of new products and features, adding to the already impressive power of ToolJet’s platform. With a larger team, extensive development resources and a growing community, the startup is poised to take its capabilities to new heights.
Moreover, this collaboration will harness the potential of AI and machine learning, empowering ToolJet users to create more intelligent and customized applications. As businesses seek more sophisticated solutions to stay ahead in the ever-evolving tech landscape, integrating AI into ToolJet’s platform opens up exciting possibilities.
“We’re thrilled to have Microsoft and GitHub join us on our journey. Their investment is a testament to the strength of our platform, community and our vision to democratize software development by making it more accessible to everyone,” said Navaneeth Padanna Kalathil, CEO of ToolJet.
Security first
ToolJet’s low-code framework prioritizes data privacy compliance, a crucial aspect for organizations today. Understanding the increasing concerns regarding data security, the startup has made it a top priority to safeguard sensitive information. The ToolJet platform provides a robust solution by offering the option of secure on-premise installation. This allows users to maintain complete control over their data, even in scenarios where internet connectivity might be unavailable or restricted.
In February 2023, the start-up successfully raised US$4.6 million in funding from renowned investors, including Nexus Venture Partners, Ratio Ventures, Better Capital, January Capital and several notable venture capitalists and angel investors.
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Press release link: https://www.businesswire.com/news/home/20230717533783/en/
https://blog.tooljet.com/tooljet-secures-funding-from-microsoft-and-github/
