Mere months after closing on a $51 million Series B extension, no-code platform provider Unqork announced Tuesday it closed on a $207 million Series C round, bringing the startup’s total valuation to $2 billion. The round was led by funds and accounts managed by BlackRock.
In 2017, Unqork made history by inventing the first completely visual, no-code application platform, which helps its customers build complex software applications with minimal custom code. Its interactive interface allows users to drag and drop components into one framework, making the process of building and deploying an application much quicker.
Now, three years later, the company has achieved unicorn status and is on track to triple its annual recurring revenue for the third year in a row. Just this year, Unqork has formed partnerships with both NYC and Washington, D.C., to take on issues related to the COVID-19 pandemic, grew its headcount more than 100 percent from 165 to 350, opened an office in London and is now available to companies in South America, Europe and Asia as well.
Founder and CEO Gary Hoberman attributes Unqork’s successes this year to the company’s team and unique platform.
“It’s true that Unqork’s enterprise no-code platform meets the needs of many enterprises right now,” Hoberman told Built In via email. “As businesses in every industry are looking to digitize during the pandemic, Unqork has been able to help them.”
To keep up, the company will be using this fresh funding to form new partnerships and ramp up its international presence. Unqork is also looking to grow its NYC-based team even more. While Hoberman declined to disclose the company’s specific hiring plans, he said they are always looking for top talent to help take it to new heights.
“The most exciting part of Unqork’s future is that we are just now scratching the surface. We offer customers a better way to build software, but the real magic is in what they create using our no-code platform,” Hoberman said. “I cannot wait to see what our current and future customers build on Unqork to unlock their competitive advantage.”