Digibee, an integration-platform-as-a-service (iPaaS) company that optimizes developer resources and scales integrations, announced a series of achievements marking the company’s momentum and a banner year in 2023. The achievements include customer expansion and growth at twice the iPaaS market rate in the United States, a $60 million series B funding round, product and platform enhancements including intelligent and pragmatic use of AI, strategic hires, publication of the second annual State of Enterprise Integration Report, recognition and awards.
“Digibee is disrupting the iPaaS market by solving critical customer challenges associated with legacy integration technologies. In 2023, Digibee grew with new customers, investors, strategic hires, awards and recognition as a result of making integrations easy to develop and maintain,” said Digibee CEO Rodrigo Bernardinelli. “In 2024, Digibee will continue its mission to displace legacy integration platforms and enable organizations to be agile and to digitally transform with the low-code, born-in-the-cloud Digibee Integration Platform.”
$60 million series B investment helps fuel growth
Digibee is the first software company founded in Brazil that grew to be a viable global vendor with more than 250 international customers. That achievement was further validated in 2023 with a $60 million series B funding round in a difficult economic climate. The growth equity business within Goldman Sachs Asset Management is the lead investor in the series B round, which also includes K Fund, one of the largest venture capital firms in Europe, Vivo Ventures, the corporate venture capital (CVC) arm of Brazilian telco Vivo, Kinea and G2D, two of Latin America’s largest private equity investment firms.
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New customers replace legacy integration platforms with the Digibee Integration Platform
Growth in the iPaaS and low-code development technologies markets, and customer wins replacing costlier and less agile legacy integration platforms, helped fuel Digibee’s growth in 2023. Eight of the 10 largest iPaaS vendors ship legacy technology, which Digibee displaced in 2023 and will continue to target in 2024. New customers that replaced legacy integration platforms with the Digibee Integration Platform include:
- A leading wine, spirits and beer distributor in the United States, implemented the Digibee Integration Platform 70% faster than a legacy platform upgrade, transitioned six years of integrations in six months, saved 40% in its technology investment and brought integration development in-house.
- One of the world’s largest beef producers brought integration development in-house, realized a 275% increase in integration capacity and value for cost, and now develops integrations twice as fast and at a third of the previous cost of outsourced development.
- One of the world’s largest domestic airline carriers saved 75% on staffing and licensing costs, integrated 36 critical systems with 50% fewer integrations, and now completes each change request in minutes rather than a minimum of 15 days.
“Because of end-of-life with our current provider, we had to evaluate how integration was being handled. We wanted to improve time to market, reduce complexity, and increase the visibility and reliability of our integration solution. Digibee proved it could check all of those boxes for us,” said the vice president of information technology of a leading wine, spirits and beer distributor in the United States.
SOURCE: Businesswire
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