Boston software maker Mendix nabs $25M in funding

By VCPOST Staff Reporter

Jan 23, 2014 01:07 AM EST

Mendix wants to build a big name for itself in the software industry. Today, the Boston-based firm secured another $25 million in cash to fuel that mission, according to Xconomy.

The latest round was led by Battery Ventures. Existing investor Prime Ventures also participated in the financing, the report stated.

Mendix allow non-technical people to build apps in order to expedite the process of making enterprise software applications. If a company wants to build a new mobile app for its website, Mendix will build the said new software based on the features that the company's executives choose, the report explained.

The whole process is largely automated. The system consists of a software platform that creates more software. Humans participate in process during the template creation of apps that clients can use to begin their projects, the report detailed.

Founded in the Netherlands in 2006, Mendix transferred to Boston in 2012. The firm says its customers include Dun & Bradstreet, Liberty Mutual, Sprint, Genzyme, and Roche. The company raised $13 million in a 2011 Series A funding, Xconomy reported.

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