We’re used to seeing massive fundraising rounds for well known companies like Uber and AirBnB but when a relatively unknown vendor picks up over $100 million dollars it raises eyebrows. That is the case today for K2. The company, confusingly named after a famous mountain, is announcing that private equity firm Francisco partners is writing a nine-figure check to help them grow.
The company provides tools that let enterprises build and run business applications including forms, workflows, data and reports. K2′s low-code platform allows enterprises to achieve the holy grail – the creation of highly customized applications that include forms and workflows, without the need for advanced software development. The idea of a visual software creator that includes more than simple fields is a common one. I’ve long been interested in a What-You-See-Is-What-You-Get approach to business software – the same way that Force.com democratizes software development for business-centric users of Salesforce.com’s core marketing tools, K2 offers a similar value proposition more broadly.
Read the complete article at Forbes.