Genesis Pockets $200M in Series C Funding Round
Globally trusted low-code and no-code company pockets huge $200 million in funding in its Series C funding round. IT delivery strategy firm Genesis said it will use the newly raised funds to expand its community of developers and grow the platform as a whole. The Series C funding round for Genesis was led by Tiger Global and was backed by Insight Partners, Google Ventures, Accel, Tribeca Early Stage Partners, Illuminati Financials and Salesforce Ventures.
Funding of $200 to be used for expansion
The development platform designed specifically for financial market participants said the funds were to be used for the expansion of the Genesis platform, its developer community and Genesis’ buy-to=build model. It is a great model that improves operational efficiency and empowers IT teams around the world by giving them a platform to accelerate and streamline software application development, solution customization third parties and system integrations.
Stephen Murphy, President and CEO of Genesis, said: “The Genesis platform already enjoys the trust of leading institutions from Citi, which is also a strategic investor in previous funding rounds, and ING, Alliance Bernstein and B3 to accelerate innovation and accelerate delivery of purpose-built projects. applications to financial markets”.
Murphy added that the company has worked hard to become the leading solution for IT deliveries in the capital markets, and that Genesis is also increasing its focus and commitment to its developer community. Over the next few months, with the latest round of funding, Genesis plans to welcome thousands of developers and support them on their “build-to-buy” journeys as they continue to wait for their international network of institutional partners.
The low-code, no-code Genesis platform seamlessly integrates into an organization’s technology ecosystem, eliminating the need to invest resources in new systems. Genesis’ unique buy-to-build approach enables enterprises to deploy applications at scale and quickly, giving them a strategic advantage through rapid technology development.
Partner at Tiger Global, John Curtius said, “The rise of low-code development as the centerpiece of every computing stack is undeniable – the market is expected to reach $21 billion by 2022 – but what Genesis represents is clearly the next generation of low-code. / no code path forward for highly complex, highly regulated and extremely valuable financial markets.
Curtius believes that Genesis has a proven track record of creating sustainable, world-class low-code/no-code platforms and solutions, making it the perfect complement to Tiger Global’s exciting investment portfolio. He further added that Tiger Global Management looks forward to supporting Genesis as it continues to go from strength to strength.
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About Genesis Low/No Code Platform Provider
Based in New York, Genesis is the world’s leading buy-to-build financial institution. With Genesis, developers can fuel application development in weeks, not years. Its platform is packed with capabilities, incredible speed and performance, and has the flexibility that today’s financial institutions need to gain a competitive edge.
Built with some of the most modern technologies, Genesis has an event-driven architecture, numerous internal and external APIs, and is ready to handle the performance and scalability requirements of pioneering financial markets organizations around the world.
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