Skuid, Inc.

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Skuid, Inc. - overview

Established

2013

Location

Chattanooga, TN, US

Primary Industry

Software

About

Skuid, Inc. is a US-based company that provides a cloud-based low-code platform designed to streamline application development and enhance operational efficiency for organizations across various sectors. Founded in 2013 and headquartered in Chattanooga, US, Skuid, Inc. specializes in low-code application development that allows organizations to build custom applications with ease.


The company has received a total funding of USD 25. 00 mn through its Series B round led by ICONIQ Capital on December 12, 2023. Ken McElrath serves as the CEO and has a background in leading technology ventures. Skuid offers a comprehensive low-code application development platform that allows businesses to create applications that integrate data from various sources using intuitive drag-and-drop tools.


Its core suite of products includes features for automating workflows, managing documents, and streamlining processes like employee onboarding and contract management, catering to clients across government, finance, healthcare, and manufacturing sectors globally. Skuid generates revenue primarily through subscription-based models for its platform, providing clients access to various service tiers tailored to their operational needs. This structure involves direct B2B transactions, where organizations pay for licenses to utilize Skuid’s services, often enhancing subscriptions with additional features as required. In December 2023, Skuid, Inc.


was acquired by Nintex USA, Inc. This acquisition aims to enhance the process intelligence and automation solutions available to users. The integration will likely focus on further developing low-code solutions to expand into new geographic markets, leveraging Nintex's existing infrastructure and customer base.


Current Investors

Marlin Equity Partners, K1 Investment Management, Salesforce Ventures

Primary Industry

Software

Sub Industries

Application Integration Software, Content Management Software, Systems Management Software

Website

www.skuid.com

Verticals

Cloud Computing

Company Stage

Mature

Total Amount Raised

Subscriber access only

Skuid, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Trade SaleCompletedSkuid, Inc.-
Add-onCompletedInflight Corporation-
Secondary BuyoutCompletedSkuid, Inc.-

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