Enterprise Organizations Look to Digibee for Integration Solutions
In a significant development for the enterprise technology sector, Digibee, a low-code integration platform designed for large-scale organizations, has secured $60 million in a Series B funding round led by Goldman Sachs. The investment brings the company’s total raised to $90 million and marks a major milestone in its growth journey.
CEO Bernardinelli on Growth Plans
According to Rodrigo Bernardinelli, CEO of Digibee, the fresh capital will be utilized to accelerate expansion in the U.S. and Latin America, with a particular focus on strengthening customer support stateside. "From a product perspective, we will drive AI capabilities into the platform as well as substantially focus on developer enablement," Bernardinelli said in an email interview with TechCrunch.
Addressing Legacy Integration Challenges
Digibee’s platform is designed to tackle the complexities of app and process integration, which have long been a source of pain for enterprises. The company’s solution involves a set of automated tools that integrate applications deployed in various environments, supported by cloud services for development and governance. With Digibee, customers can create integration flows leveraging components like enterprise apps, files, and other tools.
The Problem with Legacy Integration Platforms
Bernardinelli highlighted the limitations of traditional legacy integration platforms, which often require months of training before certification and productivity can be achieved. This makes implementation challenging and costly. By providing a low-code platform for professional developers, Digibee enables a wide range of engineers to become productive in days or weeks, helping to alleviate technical debt.
Competing with Established Players
Digibee competes with a range of legacy integration vendors, including MuleSoft, Boomi, Software AG, and TIBCO, as well as incumbents like Oracle, SAP, Microsoft, and IBM. However, Bernardinelli emphasized Digibee’s unique selling proposition: a consumption-based pricing model that doesn’t require customers to pay for maximum potential usage.
Industry Trends and Demand
Platforms like Digibee, known as iPaaS (Integration Platforms as a Service), are gaining traction among enterprises adopting new digital technologies. A survey by IDG and TeamDynamix found that 27% of companies had already invested in iPaaS as of November 2021, with 66% planning to do so in the next 12-24 months.
Differentiating Use Cases
Bernardinelli noted that the major challenge for the iPaaS industry is clearly delineating use cases for enterprise-class platforms like Digibee’s from point-to-point capabilities. "The former are strategic and core to enterprise requirements, including notable digital transformation initiatives, while the latter are tactical and tend to have very discrete, minor impact," he said.
Expansion Plans
Digibee plans to expand its workforce to over 300 people by the end of the year, building on its current headcount of approximately 280 employees. The company’s growth trajectory is expected to be fueled by its innovative approach to integration and its commitment to delivering value to customers.
Conclusion
The investment in Digibee marks a significant milestone for the company, underscoring its potential to transform the enterprise technology landscape. As the demand for iPaaS solutions continues to grow, companies like Digibee are well-positioned to capitalize on this trend and drive innovation in the industry.
