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Press Release

Creatio secures £158M at £948B valuation for enterprise no-code market

Thu 27 Jun 2024

No-code platform company, Creatio has announced a £158 million ($200 million) capital raise at a £948 million ($1.2 billion) valuation.

The round is a minority investment focused on fueling Creatio’s global expansion and was led by Sapphire Ventures, with participation from StepStone Group and current investors, Volition Capital and Horizon Capital.

CEO of Creation, Katherine Kostereva, said together with its channel partners, Creatio aims to deliver time-to-value to its users through no-code and artificial intelligence (AI).

“With this investment, we will continue to disrupt the traditional enterprise software approach, helping our clients to accelerate time-to-value and use technology as a competitive differentiation in their business,” said Kostereva.

Areas of Focus 

Following a recent investment round, Creatio is focusing on several key areas to advance its capabilities. A significant emphasis will be placed on enhancing its no-code development tools and integrating AI features. This includes improving AI-assisted development and expanding its Copilot functionality to better serve users seeking secure and scalable automation solutions.

“Creatio’s true AI-powered no-code platform, built on a unique, composable architecture, offers exceptional flexibility and usability that empowers enterprise users to swiftly build, deploy and personalise applications for a variety of use cases across CRM, case management, and workflow automation,” said Rajeev Dham, Managing Director at Sapphire Ventures. 

Creatio also aims to broaden its range of components and templates, tailored for various industries like financial services, insurance, and manufacturing.

“Creatio is an obvious choice for its SaaS customers and a leading option for enterprises that want well-governed citizen development and superior automation at scale,” said John Bratincevic, Principal Analyst at Forrester Research.

Creatio’s partnership strategy will receive increased support. The company’s partner programme will be strengthened further to benefit a diverse global network. This initiative aims to enable partners to deliver effective business solutions collaboratively across different regions.

“Creatio addresses the complexity and inflexibility of traditional software vendors and enables organisations to seamlessly replace legacy technologies, delivering market-leading ROI.” said Sean Cantwell, Managing Partner at Volition Capital.

Internally, Creatio said it is committed to promoting a cohesive global team culture across its operations in 25 countries. This unified approach underscores the company’s dedication to teamwork and customer satisfaction. As part of this effort, Creatio plans to expand its workforce across essential functions, ensuring continued support and personalised service for its customers and partners.

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