Digibee, an integration-platform-as-a-service (iPaaS) company that optimizes developer resources and scales integrations, today 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.
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.
Executive hires enhance visibility, sales and customer success
The growth of the iPaaS market, customer wins, a modern integration platform and the series B funding round enabled Digibee to attract and hire strategic, seasoned executives in 2023. The new executives who helped the company grow and mature in 2023 and positioned it for further achievements in 2024 include:
- Matt Durham, head of strategy, who leverages over 25 years of software industry experience and over 20 years of integration market experience to enhance awareness of Digibee overall and especially in the United States.
- Paulo Veloso, chief revenue officer, whose responsibilities include creating a high-performance sales team, focusing on excellence and customer experience, and ensuring that Digibee provides optimal value and solves business issues for customers.
- Nithin Bose, chief customer officer, who is unifying customer success, customer support, professional services and solution architecture functions under one umbrella to drive optimal outcomes for the company’s global customers.
AI product enhancements instantly create documentation and import legacy integrations
Digibee also introduced intelligent and pragmatic AI enhancements to the Digibee Integration Platform in 2023. The AI enhancements include:
- The AI Generator for Pipeline Documentation frees technical experts from creating documentation to focus on strategy, innovation and digital transformation. It ensures the clarity and understanding of integration processes for technical and business team members, aiding in maintenance, collaboration and compliance.
- An AI-powered integration importing tool that facilitates integration platform migration to Digibee. In seconds, the integration importing tool imports complete integration flows from other vendors and seamlessly converts them into integration flows that the Digibee Integration Platform can execute, modify and maintain. Digibee is the first iPaaS company to offer an AI-powered integration importing tool.
Thought leadership, recognition and awards enhance Digibee’s visibility and reputation
Digibee’s banner year in 2023 also includes achievements in thought leadership, recognition and awards. For example:
- Digibee published its second annual State of Enterprise Integration Report, which revealed new insights and year-over-year perspectives from technology leaders and executives on the importance of enterprise integration for North American businesses. One of the key findings was that over 70% of enterprises intend to adopt, supplement or replace their integration technology in 2023.
- Digibee was listed No. 17 on The Financial Times’ Ranking of the Americas’ Fastest Growing Companies in 2023. In the IT and software sector, which comprises 27% of the list, Digibee is in the top five companies.
- Solutions Review named Digibee one of 10 data integration tools vendors to watch, 2023. According to Solutions Review, companies that “demonstrate a product map aligning with our meta-analysis of the marketplace,” and that meet at least two of five points of inclusion, such as “significant funding, talent acquisition, a disruptive or innovative new technology or product, or inclusion in a major analyst publication” are selected.
- The Software Report named Digibee in its fourth annual list of the Top 100 Software Companies of 2023. According to the announcement from The Software Report, “this year’s selections include a diverse range of companies, encompassing up and comers and massive tech giants … Irrespective of the company’s size or age, this year’s awardees are making a significant impact on the software industry within their specific domains, all while providing exceptional value to their customers.”
- The Software Report also named Digibee CEO Rodrigo Bernardinelli in its sixth annual list of the Top 50 SaaS CEOs of 2023. According to the announcement from The Software Report, “we are encouraged by the way leadership is evolving among the top tier CEOs in the SaaS industry. Increasingly, CEOs are beloved by their workforces, regarded as true stewards of organizations that will continue well into the future. Not only are these leaders strategic and tactical in execution, they possess the intangibles of being visionary and inspiring thousands of people, mobilizing their teams day in and day out.”
- Digibee received a Retail Breakthrough Award for POS Innovation of the Year in the Point of Sale (POS) and Payments category. A panel of industry experts used a variety of criteria to select winners highlighting key disruptions in the retail space “that are enabling consumers to make more informed choices and to shop anywhere anytime, improving segmentation and pricing, enhancing convenience, and improving customer journeys after purchase through digital transformation.”
About Digibee
Founded in 2017, Digibee is a provider of integration-platform-as-a-service (iPaaS) solutions. The Digibee Integration Platform allows enterprises to excel in business and digital transformation through easy, rapid and cost-efficient creation and maintenance of integration workflows. The Digibee Integration Platform is low-code and born in the cloud, enabling professional developers and engineers to quickly build, test, deploy, scale, govern and monitor integrations across on-premises and cloud environments. Digibee investors include Goldman Sachs, K Fund, Vivo Ventures, Kinea, G2D and Upload Ventures. Digibee is the preferred iPaaS solution for more than 250 customers including Assai, B3, Banco Itaú Unibanco, Barkley, Bauducco, Johnson Brothers and Payless. For more information visit Digibee.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231214712750/en/