Turbo Systems Debuts with $8 Million Series A Round, and A New Category of Software That Redefines How Enterprise Apps Are Created, Deployed, And Used
Turbo Systems, the first universal, no-code engagement platform, announced an $8 million Series A funding round. Led by Mayfield, an investor in ServiceMax, Marketo, Moat, Outreach, Hashicorp and several other leading SaaS/Cloud companies, the funding will be used to accelerate Turbo’s growth, through investments in engineering, marketing, and sales.
The shift to the cloud is accelerating; every industry is being transformed by software. This has created an incredible shortage of software developers, overwhelming IT departments. Turbo is the first universal, truly no-code platform enabling businesses to easily build custom applications that can be rapidly and seamlessly deployed to any user, including deskless and field-based workers. These applications drive high levels of user engagement to maximize adoption and productivity. Initially, Turbo is developing drag and drop, customizable application sets for industries with strong mobile and field workforces, including construction, healthcare, manufacturing, retail, and telecommunications. Research and Market projects the global low-code development platform market size to grow from $4.32 billion in 2017 to $27.23 billion by 2022.
Marketing Technology News: Lytics Raises $35 Million to Extend Leadership Position in Customer Data Platform Market
“Turbo’s mission is to empower business users – who are closest to their workflows and possess the most operational knowledge – to create quick solutions that automate their processes, and create unprecedented productivity,” said Hari Subramanian, Turbo Systems Founder and CEO. “In the past, the biggest obstacle for businesses was knowing how to program, or understanding the nuances of each system of record. Turbo was created as an agnostic, complementary platform, so users can drag-and-drop the applications their workers need, with no coding knowledge required.”
Marketing Technology News: Industry Powerhouses Nielsen And NPD Join Forces To Reimagine The Future Of Omnishopper Measurement
Turbo Systems was founded by Hari Subramanian, Co-Founder and former CTO of ServiceMax, a leading provider of cloud-based software for field service management and technology. Subramanian served as the company’s CTO for a decade prior to its acquisition by GE Digital in 2016 for $1 billion. Subramanian and his team founded Turbo with years of expertise and credibility in developing the agile, reliable applications that field service enterprises need and use to drive success.
Marketing Technology News: Powtoon Acquires Showbox to Accelerate Innovation and Dominance in the Video Creation Space
“While ServiceMax was a great success and transformed field service by leveraging the cloud, Turbo Systems has the potential to disrupt the very nature of how applications are built, managed, and consumed––especially for the billions of deskless and mobile users worldwide,” said Rajeev Batra, Mayfield investor and Turbo Systems board member. “Turbo’s no-code platform promises to be as transformative to cloud and mobile software as Salesforce’s SaaS innovation was to on-premise software. We are delighted to partner with Hari Subramanian again to support and enable his incredible vision for the future of software.”