Dublin-based Kianda Technologies to get €1.5m investment

Dublin-based Kianda Technologies is to receive an investment of €1.5 million from investor Kernel Capital.

The investment, to be made through the Bank of Ireland Kernel Capital Growth Fund, is being supported by Enterprise Ireland.

Co-founded in 2016 by Osvaldo and Derya Sousa, Kianda has created a cloud-based automation platform that allows users, with or without coding skills, to digitise and streamline their business processes.

The company has more than 25,000 users and international clients including Deme Group, Mercury, Uniphar and Aji Bio Pharma. Its platform is enabling an increasing number of organisations to bridge the digital skills gap and keep pace with new demands and growth.

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It said the surge in remote working has accelerated the adoption of low-code or no-code development technologies, a market which Gartner estimate is $13.8 billion in 2021 and growing in excess of 20 per cent per annum.

“Our vision is to grow our company and become a market leader in no-code development market,” said Derya Sousa. “We want to empower people with or without tech skills to address their digitalisation needs themselves.”

Kernel Capital managing partner Niall Olden said: "Kianda is a company on a positive growth trajectory with an excellent product, strong team and building blue-chip clients based in the UK, US, Belgium and Australia.

“The achievements of the company to date are impressive and this new funding will ensure the expansion of the team and greater resources for enhanced product development.”