Unicorn Unqork’s no-code approach to enterprise software
New York-based Unqork offers a no-code platform featuring an entirely visual way to build enterprise software.
While a number of have sprung up in recent times with the aim of making software development accessible to those without specialist skills, Unqork differentiates its offering by touting its suitability for full enterprise-ready, mission-critical applications.
The company’s visual interface features components that are arranged via drag and drop to build up complex logic, while also featuring a library of alterable library-specific templates.
Since its foundation in 2017, the company has raised across five funding rounds. Its latest has seen the company raise $207mn from lead investor BlackRock, alongside Eldridge, Fin Venture Capital, Hewlett Packard Enterprise, Schonfeld Strategic Advisors, Sunley House Capital Management, CapitalG, Goldman Sachs, Broadridge Financial Solutions, Aquiline Technology Growth and World Innovation Lab
, Gary Hoberman, founder and CEO, said: "At Unqork, we pride ourselves in fearlessly taking on huge challenges with our customers. That's an important characteristic to have when your mission is to completely change the way enterprises create software by offering a better way without code," said Gary Hoberman, founder and CEO, Unqork. "The same scale that cloud computing brought to infrastructure, Unqork is now bringing to all enterprise software in every industry. That places Unqork in a unique position to capture the $500 billion wasted annually on custom enterprise code and this funding will accelerate our efforts."
The company said it would use the funds to invest in its technology, grow its team and expand go-to-market partnerships with a range of consultants.
"Unqork has reimagined the way enterprise software is created," said Michele Trogni, operating partner, Eldridge. "As a no-code platform that is designed to simplify and digitize mission-critical and often highly complex business functions at large organizations, Unqork is uniquely positioned in the market. It makes the buy versus build decision a no-brainer."
ServiceNow pumps millions into EU service compliance
ServiceNow, the digital workflow company, has announced a multimillion euro investment to help EU customers meet compliance requirements.
The legal, technical and organisational safeguards will help companies to comply with the the Schrems II judgment and European Data Protection Board (EDPB) Recommendations issued in June 2021.
ServiceNow’s investment means all EU-hosted data will be exclusively handled within the EU, and the cloud-hosted digital workflow provider claims its solution will come “without impact on current delivery and service”.
ServiceNow upgrade: free of charge
There will be no cost for current customers to opt in to the data compliance solution, even though ServiceNow is investing an unspecified multimillion euro sum and hiring more than 80 new staff across the bloc.
Mark Cockerill, vice president legal, EMEA and global head of privacy at ServiceNow, said: “With any regulation change, cloud services companies have a choice. They can adopt a ‘wait and see’ approach or get proactive and help customers and partners innovate. At ServiceNow we are on the front foot, continually investing in our customers, allowing them to operate with the highest level of choice and control over their EU data.
ServiceNow upgrade: ‘peace of mind’
“Our new EU-centric service delivery model will give our current customers and partners peace of mind. For customers and partners operating in highly regulated industries, or in the public sector, or those that have yet to make the switch to the cloud, this model gives them certainty and simplicity when selecting the cloud service that best suits their needs.”
Carla Arend, lead analyst, cloud in europe for IDC, said, “The Schrems II ruling has led European organizations to revisit their cloud-related data protection policies and processes when it comes to international data transfers through cloud services.
“Contractual, privacy, and security safeguards and the assurance that data will be kept and handled in the EU help European organizations to comply with European data protection laws while taking advantage of global cloud platforms. Vendors, such as ServiceNow, that invest to support their customers in response to this ruling are providing essential choice to their customers.”