Led by MHS Capital and Engineering Capital; Xano raises $5M and serves the No-Code community.
Xano, the Backend platform that the No-Code community turns to when they want to build without limits, announced a $5M round led by MHS Capital, Engineering Capital, and accompanying angel investors. This funding marks an important milestone on the road to accomplishing Xano’s broader mission – to empower anyone of any skill level to create scalable, world-class software. With this raise, Xano will be focused on making the platform easier to use, growing its community, and continuing to build developer features that streamline integration with large organizations.
Since its initial launch in January 2021, more than 20,000 businesses worldwide have started using Xano as a Backend to power and scale their applications. The platform provides users with a scalable server, a flexible database, and a No-Code API creator that can transform, filter, and integrate with data from anywhere. The influx of customers and demand is largely due to the failure of existing No-Code tools to meet the demands of organizations with complex business needs.
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“Ultimately the startup is proving that No-Code can be scalable, secure, and ready for the enterprise. Xano is truly democratizing access to compliant infrastructure at a scale never seen before.”
“The truth is that when it comes to the more complex needs of an organization, existing No-Code tools aren’t good enough,” said CEO Prakash Chandran. “At Xano we’re focused on removing the scalability, security, and compliance barriers that prevent people from solving their own business needs.”
Xano is part of a new generation of No-Code tools and supports a rapidly growing demographic of what’s called citizen developers – business users who can develop applications for themselves and others using No-Code tools. However, Xano is also committed to supporting the developer and providing tools to help them “supercharge” their own abilities.
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Why businesses choose Xano:
- Scalability: Infrastructure to meet the traffic and processing power demands required as applications grow.
- Business Logic: An API creator that allows users to express complex business logic simply.
- Security & Compliance: Dedicated, region-specific resources which allow businesses to comply with security laws such as HIPAA, GDPR, ISO27001, and SOC 2.
- Interoperability: Features like Lamda functions, database connectors, and sidecar Docker microservices allow Xano to integrate with an organization’s existing data or feature set.
“Xano has grown organically to tens of thousands of users purely through word-of-mouth,” said Ashmeet Sidana at Engineering Capital. ”The leadership team is strong – Prakash, Sean, and Jacques have a unique approach to scaling no-code server backends, and ultimately the startup is proving that No-Code can be scalable, secure, and ready for the enterprise. Xano is truly democratizing access to compliant infrastructure at a scale never seen before. I am excited to co-lead the investment in Xano.”