What is Amplication?
Founded in 2021 and based in Israel, Amplication is an open-source platform designed to accelerate software development by automating backend processes and resolving coding bottlenecks. The company's mission is to save engineers valuable time, thereby enhancing production efficiency and mitigating delays inherent in complex development cycles. Amplication's approach leverages community contributions to continuously improve its solution.
How much funding has Amplication raised?
Amplication has raised a total of $6.6M across 1 funding round:
Angel/Seed
$6.6M
Angel/Seed (2022): $6.6M with participation from Velocity Ventures, Entree Capital, Vertex Ventures, and Norwest Venture Partners
Key Investors in Amplication
Vertex Ventures
Vertex Ventures US is an early-stage venture capital firm focused on B2B software, supporting founders in the creation of a smarter digital economy. They provide operational insights and leverage a global network to aid portfolio companies.
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity firm with a long history dating back to 1961. They invest across various stages and geographies, including Israel.
Entree Capital
Entree Capital partners with founders building ambitious technology and product businesses from the earliest stages through scale-up, offering capital and practical guidance.
What's next for Amplication?
With this substantial enterprise-level funding and strategic investment, Amplication is poised for significant expansion. The capital infusion is expected to fuel further development of its open-source platform, enhance its market reach, and potentially broaden its engineering support services. The company's focus on developer productivity positions it to capitalize on the growing demand for efficient software creation tools.
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