Total amount raised
$9.5 Million
Latest funding date
12/1/2023
Location
DhiWise has successfully navigated five funding rounds, attracting investments from notable backers such as Salesforce Ventures and Accel. The platform offers a unique solution for building production-ready applications from plain text, eliminating the need for coding.
Keep reading to explore the intricacies of DhiWise's fundraising journey and the investors backing this innovative platform.
What Is DhiWise?
DhiWise, a no-code development platform, enables users to build full-stack applications from plain text descriptions. The company operates in various tech-related industries, including AI, EDA, Generative AI, IT, Mobile Apps, Software, and Web Development.
Founded in Surat, Gujarat, India, DhiWise has an employee count ranging from 51 to 100. The platform is trusted by over 653K users in 180+ countries, simplifying the app development process for non-developers.
How Much Funding Has DhiWise Raised?
- Round Name: Pre-Seed
- Amount Raised: USD 1,325,000
- Date: March 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the platform and bring the initial product to market.
- Round Name: Seed
- Amount Raised: USD 2,500,000
- Date: January 2022
- Lead Investors: India Quotient
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Round Name: Series A
- Amount Raised: USD 7,000,000
- Date: August 2022
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and launch new features.
- Round Name: Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: December 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources without diluting equity.
- Round Name: Seed
- Amount Raised: USD 15,000,000
- Date: September 2025
- Lead Investors: Accel, Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
Total Amount Raised: USD 25,825,000. Current Valuation: Not publicly disclosed.
Key Investors
- Accel
- Details: Accel is a global venture capital firm that invests in seed, early, and growth-stage companies. It has been a lead investor in multiple funding rounds for DhiWise.
- Investment Focus Areas: Technology, software, consumer internet.
- Notable Investments: Facebook, Dropbox, Slack.
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies. It has participated in multiple funding rounds for DhiWise.
- Investment Focus Areas: Cloud computing, enterprise software, AI.
- Notable Investments: Zoom, DocuSign, Twilio.
- India Quotient
- Details: India Quotient is a venture capital firm that focuses on early-stage investments in India. It has been involved in the seed funding rounds for DhiWise.
- Investment Focus Areas: Consumer technology, fintech, SaaS.
- Notable Investments: Lendingkart, ShareChat, Sugar Cosmetics.
- Together Fund
- Details: Together Fund is a venture capital firm that invests in early-stage startups. It led the Series A funding round for DhiWise.
- Investment Focus Areas: Early-stage startups, technology, SaaS.
- Notable Investments: Specific notable investments are not mentioned.
- Founders of Fleetx, Rocketlane, and WebEngage
- Details: The founders of Fleetx, Rocketlane, and WebEngage participated in the Series A funding round for DhiWise. These founders are known for their successful ventures in the tech industry.
- Investment Focus Areas: Technology, SaaS, enterprise solutions.
- Notable Investments: Specific notable investments are not mentioned.
What's Next for DhiWise?
With the recent $7 million Series A funding, DhiWise is poised to enhance its platform with innovative features like a Smart Editor and auto-identification of reusable elements. These advancements present significant opportunities for growth, particularly in the rapidly expanding market for AI-powered automation tools in software development.
Future fundraising rounds seem promising, given the strong investor confidence demonstrated in the Series A round. As DhiWise continues to innovate, it may attract further investments to support its expansion into new markets and industries.
However, the company faces challenges such as competition from other automation platforms and the need to balance advanced features with user-friendliness. Maintaining this balance will be crucial for DhiWise as it navigates its growth trajectory.
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