What is Amplication?
Founded in 2021 and based in Israel, Amplication is dedicated to optimizing the software development lifecycle by saving engineers valuable time. The company addresses critical backend issues that often impede development progress, offering an open-source solution designed to streamline production. Amplication's innovative approach aims to simplify the complexities of coding, with its platform continuously improving through community contributions.
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 Entree Capital, Vertex Ventures, Norwest Venture Partners, and Velocity Ventures
Key Investors in Amplication
Entree Capital
Entree Capital is an investment firm that backs founders building ambitious technology and product businesses, partnering with teams from early stages through scale-up with capital and practical guidance.
Vertex Ventures
Vertex Ventures US is an early-stage venture capital firm that supports founders creating a smarter digital economy through B2B software, focusing on infrastructure and SaaS companies.
Norwest Venture Partners
Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm founded in 1961, with offices in California, India, and Israel.
What's next for Amplication?
The recent major strategic investment positions Amplication for accelerated scaling and further development of its open-source platform. With a clear focus on empowering engineers and reducing development bottlenecks, the company is poised to capture a larger share of the enterprise software market. Future growth will likely involve expanding its engineering team, enhancing platform capabilities, and deepening its engagement with the developer community to foster innovation and adoption.
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