PLATMA raised $2M to accelerate its "Extreme No-Code" development platform
Ukraine-founded startup PLATMA has raised $2 million in pre-seed funding to expand its AI-powered no-code platform, which converts natural language into functional code, aiming to revolutionize digital transformation for businesses of all sizes.
PLATMA, a Ukraine-founded startup leveraging AI for no-code business applications development, has secured $2 million in pre-seed funding, valuing the company at $20 million. The US-headquartered company is working on an "Extreme no-code platform," which leverages advanced natural language processing to transform plain English descriptions into functional code.
Almaz Capital and EA Group co-led the funding round, contributing $500,000 each; the additional funding was provided by a diverse investor pool which includes Startup Wise Guys (Estonia), CAUCASUS VC (Azerbaijan), prominent Kazakh venture capital firms like Tumar Venture Fund, MOST Ventures, ACTIVAT VC, and angel investor Murat Abdrakhmanov.
PLATMA's user base currently exceeds 10,000 registered users from countries including the United Arab Emirates (UAE), Ukraine, Kazakhstan, Turkey, Azerbaijan, and Slovenia, and the platform has already supported the creation of thousands of applications. PLATMA's main goal is to democratize digital transformation, making it accessible to businesses of all sizes. However, PLATMA's solutions are mainly geared towards the resource-constrained micro and small enterprises that comprise 90% of companies worldwide.
PLATMA's co-founder, Yaroslav Kologryvov, envisions a revolution where businesses can redirect 70% of their time from routine tasks to growth-focused activities. The fresh capital will enhance the technology, enable PLATMA to expand the team and boost the company's market presence.
