Brazilian tech startup Pipefy, whose low-code platform makes it easy for anyone to develop software, has raised US$75 million in series C funding, led by Japanese investment conglomerate Softbank.
Founded in 2015 in Curitiba, Pipefy is a workflow management services provider. Businesses use their low-code or no-code platform to centralize data and automate some functions, such as finance, human resources, customer service, purchasing, and marketing.
Thanks to the growing demand for digital transformation services and software development, Pipefy is growing at a rapid speed.
Both its recurring revenue and headcount have doubled over the past few months alone, with the number of corporate customers reaching 4,000, according to Techcrunch.
Its clients include the likes of GE Healthcare, Lacoste, Magalu, electric truck maker Rivian, and Nubank, among others. It has employed around 500 people, with the majority of them based in the South American country.
“Low-code tools are the solution for overworked IT organizations struggling to meet the demand of the dramatic shift to a distributed workforce,” says Ananth Avva, President and COO at Pipefy.

Sign up for our Nearshore Americas newsletter:

“Our low-code approach is meeting the needs of distributed workforces around the world,” stated the company’s CEO Alessio Alionço.
Pipefy has recently shifted its headquarters to the US Silicon Valley, but a majority of its R&D centers and workforce are still based in Brazil.
News Editor for Nearshore Americas, Narayan Ammachchi is a career journalist with a decade of experience in politics and international business. He works out of his base in the Indian Silicon City of Bangalore.

Outsourced software product development services provider Encora has now gone into the fold of Advent International after the PE firm acquired a majority stake from its US peer Warburg Pincus. Analysts say Warburg mustRead more
Indian IT services firm Tata Consultancy Services (TCS) is ending 2021 with more than 2,300 employees in Uruguay, where it began its LatAm operations in 2002.  Thanks to its goIT talent development program, TCS hasRead more
Credit conditions in Latin America will return to normalcy in 2022, rating agency Moody’s has predicted, pointing to the growing rate of vaccination across the region. Steady economic growth is stabilizing banksRead more
IT’s Most In-Demand Positions in 2022
Ariel Ayala of ManpowerGroup explains how companies are protecting against the talent shortage.
Nexus Illuminate Awards
Copyright © 2021 Nearshore Americas, a division of Next Coast Media and Marketing Services.
"*" indicates required fields
"*" indicates required fields


Leave a Reply