We created the SaaS service, which helps everyone create enterprise-level applications using an only visual editor with no-code. No need to hire developers anymore. With our platform customers will get up to 7x reduction in labor cost, up to 10x reduction in time to market, no more refactoring and technical debt. Our revenue model is a subscription for enterprises and app development studios.
MVP stage product, making internal validation while creating software for our customers, 2 US customers.
In 2018, the global outsourcing market amounted to 62 billion US dollars. 65% of companies were outsourcing software development.
"By 2024, low-code application development will be responsible for more than 65% of application development activity“ – Gartner.
Problem or Opportunity
Every company in the process of software development facing the same issues: * Cost of labor increasing very fast and we almost can't manage it * It's hard to get high-level developers * Tight time to market requirements * A lot of competition * 95% of all mistakes - human-generated * Technical debt become a snowball even with professional team
“We often hear is "I can't build applications fast enough and by the time I build them the specs have changed” - Rob Koplowitz, VP and principal analyst at Forrester.
Solution (product or service)
AppMaster - SaaS service, which helps everyone create applications using only a visual editor with no-code. No need to hire developers anymore.
Benefits for customers: * Up to 7x reduction in labor cost * Up to 10x reduction in time to market And a lot of other benefits: no refactoring, no technical debt, simple change management
Just a few easy steps to get your app done: 1. Create entities design, relations and constraints 2. Drag&Drop your business logic 3. Attach web and mobile interfaces 4. Deploy your application anywhere!
Appery.io - $2.7B (IPO) Outsystems - $1B Mendix - accuired by Siemence for $700m BettyBlocks - $300m
All of these companies are competitors, but offering a bit different conception.
Advantages or differentiators
Most of our competitors offer to build your app like a superstructure over their platform and you will be tiered to them forever.
Our AI creates an application the way regular developers usually do. We are doing a real standalone app not tied to our platform. You even can get the source code of your application. Our approach gives our customers outstanding performance, flexibility, and a lot of options for scaling.
We have 3 types of key customers: •Startups – goes for freemium •Software Development Studios goes for a professional subscription •Enterprises go for enterprise subscription with advanced support
Money will be spent on
80% for US office expansion (additional developers and sales team) Time to market is quite important to get market share.