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AppMaster.io

Application creation platform, based on AI and no-code

USA, California
Market: Internet and IT, Computers, office equipment, Artificial Intelligence
Stage of the project: Operating business

Date of last change: 20.04.2023
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Idea

AppMaster is a no-code platform to create enterprise-level server, web and mobile applications by source code generation. 10x shorter time to market, lowest TCO with no tech debt and 3x less budget.

Current Status

In production, 65k+ registered accounts, and business customers on all continents.

Market

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

The new way to improve software development drastically. With AppMaster customers can build solutions 10x faster with smaller budgets.

“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.
In the end:
* 10x shorter time to market
* Lowest TCO possible
* No tech debt (usually accounted for up to 40% of the budget)
* Real applications with source code and documentation

Competitors

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.

Business model

Subscription (98%)
Professional Services (2%)

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.

Team or Management

Incubation/Acceleration programs accomplishment

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