Low-code enterprise integration platform provider Digibee Inc. said today it has closed on a $60 million round of funding.

Leading today’s round was the Growth Equity business within Goldman Sachs Asset Management, and it was joined by Leadwind, Vivo Venture, Kinea and G2D. The Series B round brings Digibee’s total amount raised to more than $90 million, following a $25 million Series A in February 2022 and a $6 million seed funding round in February 2019.

The company launched back in 2017, offering a low-code platform for businesses to build and deploy simple integration workflows that don’t require users to touch any code. At a time when digital transformation has become a priority, organizations are shifting rapidly to modern cloud-based information technology infrastructures and systems and software-as-a-service platforms. Businesses are looking to do this as quickly as possible, yet building bridges between these modern platforms and the legacy systems on which their first built their business is a major problem that slows everyone down.

That’s where Digibee’s low-code platform comes in, building those bridges for organizations, so they can migrate from a legacy, on-premises infrastructure such as SAP to cloud-based platforms such as SAP S4/HANA with no downtime. It solves other problems too, such as synchronizing vast amounts of data in real time across multiple locations, platforms and sources, without impacting business operations.

Like other integration platforms, Digibee makes data available from any source to any destination, enabling users to build, test, deploy and support their own integrations without the need for a dedicated team. Where it sets itself apart is that not only does it assist in building integrations, it also transforms those integrations into reusable business logic. Users can create what Digibee calls “capsules,” which are packaged common integrations they can share across the organization.

Goldman Sachs Managing Director Hillel Moerman said he believes enterprise integration has become so important to so many companies that it is one of the most promising technology markets globally.

Constellation Research Inc. analyst Holger Mueller agreed, saying data integration is a key challenge for enterprises, especially as the number of systems that need to be integrated with one another keeps on rising. “At the same time, teams have less time on their hands to build these integrations,” Mueller said. “So they can use help from a startup like Digibee, which offers a low-code way to address this challenge. Digibee needs to use this funding to make itself and its offerings more prominent in key markets like the U.S. and Europe.”

Digibee seems to recognize that. On its to-do list are various platform enhancements, the expansion of its go-to-market initiatives, boosting customer support in the U.S., and furthering its ongoing success in Latin America, where it has an especially strong presence already.

Chief Executive Rodrigo Bernardinelli said the company is focused on expanding its steady growth and market share in the U.S. “The funds will help Digibee and our growing customer base redefine integration as a task that many can perform, rather than a job that requires advanced and highly limited skills,” he said.

Image: Digibee