WordPress raises investments
WordPress has managed to secure its position as a leading web development host. What further strengthened its position was the announcement of its parent company’s $300 million raise at their $ 3 billion valuation. That also happened just weeks after Tumblr was taken from Verizon and bought by Automattic. However, that doesn’t end the ruthless competition for WordPress. In fact, they now have to worry about Duda which is one of their leading competitors as of now. What is Duda? You must be wondering, what is Duda? Well, it’s a cloud-based website platform that offers building arena to developers- mostly targeting, traditionally non-technical web developers at Saas platforms and other digital agencies. However, recently they dropped a bomb that could potentially make WordPress a little stressed for their future- that Duda raised $25 million from Susquehanna Growth Equity- a single investor. A new rising star The new funding brings the startup from Palo-Alto to a $50 million investment to date, brings Duda to a milestone achievement within a very short period. Until now there are over 560,000 websites built from the platform. The new kid on the block The CEO of the company Itai Sadan says, the funding will be used to invest in the platform-they already have a massive team of engineers working in Israel along with a team of sales and marketing, to make Duda enter the competition with bigger companies. The Potential Duda initially started off as mobile-first development platform. At that time the company believed mobile web to be a crucial and viable platform that could expand to build native apps for mobile platforms. Duda is definitely on the rise, within just 9 years this Palo Alto based start-up has managed to acquire over half a million worth of investments and is only going to increase in the future! For more information visit our website: https://www.uptownlogodesign.com/web-development/
5 Comments
5/25/2023 02:57:23 pm
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