Goldman Plows More Funding Into No-Code Software Startup
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Unqork, a New York-based software company, raised an additional $51 million from backers including Goldman Sachs Group Inc. to accelerate a global expansion and move into new industries beyond insurance and financial services.
The two-year-old startup is an application platform that doesn’t require any coding, allowing big companies, such as Liberty Mutual, John Hancock Life Insurance Co. and Manulife Financial Corp., to create custom software quicker and cheaper than the traditional way. Unqork’s no-code app platform allows developers to build visually, by dragging and dropping components on the screen.