AI-Driven No-Code Platform PLATMA Raises $2M in Pre-Seed Funding

PLATMA, an innovative Ukraine-founded startup, has made significant strides in the no-code technology space, recently securing $2 million in a pre-seed funding round. This capital injection has brought the company's valuation to $20 million, marking a pivotal moment in its mission to democratize software development and digital transformation. The platform’s cutting-edge capabilities lie in its Extreme no-code architecture, which harnesses the power of artificial intelligence (AI) and natural language processing (NLP) to convert plain language inputs into fully functional applications.

The premise behind PLATMA is both revolutionary and timely. In a world where digital transformation is often hindered by the high costs and complexity of software development, PLATMA offers an accessible, user-friendly alternative. Users without any programming background can design and deploy complex business processes by simply describing what they need in natural language. The platform's advanced NLP algorithms interpret these descriptions and generate operational solutions, empowering businesses of all sizes to automate tasks and streamline workflows.

Headquartered in the United States, PLATMA operates with a globally distributed team spanning Ukraine, Cyprus, Portugal, and Kazakhstan. The company has already gained impressive traction, boasting over 10,000 registered users and facilitating the creation of several thousand applications. Its clientele includes businesses from a broad range of countries, such as the United Arab Emirates (UAE), Ukraine, Kazakhstan, Turkey, Azerbaijan, and Slovenia, reflecting the platform’s global appeal and utility.

The $2 million pre-seed funding round was led by $500,000 investments from prominent venture capital firms Almaz Capital and EA Group. In addition, the round saw participation from several other key investors, including Startup Wise Guys from Estonia, CAUCASUS VC from Azerbaijan, and several leading Kazakh venture capital firms such as Tumar Venture Fund, MOST Ventures, and ACTIVAT VC. Notably, business angel Murat Abdrakhmanov also contributed to the round, adding further credibility to PLATMA’s vision and market potential.

Yaroslav Kologryvov, Co-Founder of PLATMA, emphasized the company’s broader mission to bring digital transformation to every corner of the business world, with a particular focus on micro and small enterprises. He explained that 90% of businesses worldwide are small and micro-sized, often facing challenges such as limited resources, routine manual tasks, and a lack of digitalization. Kologryvov sees PLATMA as a game-changer in this space, envisioning that the platform could enable these businesses to reclaim up to 70% of their time by automating routine processes, thereby allowing them to focus more on growth and innovation.

Erik Aubakirov, CEO of EA Group, underscored the significance of PLATMA’s solutions for small and medium-sized enterprises (SMEs) globally. He expressed optimism about how PLATMA’s no-code platform would empower SMEs to optimize their operations and significantly reduce development costs, which are typically prohibitive for smaller businesses aiming to digitalize.

Another testament to PLATMA’s potential lies in its advisory board, which includes Christoph Daszkiewicz, a recognized leader in the No/Low Code sector and Head of Software at Schneider Electric. Daszkiewicz’s expertise adds a layer of industry authority to PLATMA’s strategic direction, reinforcing its credibility in the fast-growing no-code market.

The fresh infusion of capital will be strategically deployed to further enhance PLATMA’s AI-driven technology, allowing for more refined and efficient NLP capabilities. The company also aims to expand its global team, ensuring that it can continue to innovate and offer top-tier customer support as it scales. Additionally, a key focus will be on market expansion, with PLATMA looking to enter new regions and broaden its international presence.

Beyond just simplifying the software development process, PLATMA’s long-term vision is to become a comprehensive tool for businesses looking to automate and optimize their operations. The platform is already showing impressive growth in e-commerce and other sectors, where companies are leveraging its capabilities to create custom applications that address specific business needs without the costs typically associated with software development.

As PLATMA continues its upward trajectory, the company is well-positioned to disrupt the traditional software development industry. Its unique value proposition of transforming natural language into code has the potential to unlock opportunities for businesses of all sizes, particularly in underserved markets where digital transformation has traditionally been out of reach. With a strong foundation, a clear vision, and the backing of top investors, PLATMA is set to become a major player in the global no-code and low-code movement, helping businesses worldwide navigate the complexities of digital transformation with ease.