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Dynaboard Raises $6.6 Million to Expand Its Web Application Development Platform | Business and finance


Dynaboard, creator of a new platform that offers the fastest way to build production-ready web applications, today announced it has received $6.6 million in seed funding as it expands its private beta and is beginning to move towards general availability. The round was led by XYZ Venture Capital, with participation from a number of angels, operators and seed funds, all aligned with the developer tools. Investors include Floodgate Fund, General Catalyst, The General Partnership, The House Fund, Abstract, Mantis (The Chainsmokers), plus founders, executives and early employees of Coinbase, GitHub, Mozilla, Color, Firebase, Parse, Robinhood , etc.

Alex Kern, Founder and CEO of Dynaboard (Photo: Business Wire)

A better way to build production-ready apps

In today’s remote and hybrid work environments, engineers, analysts, designers, and business stakeholders can all leverage Dynaboard, the most powerful tool in its category, to collaborate in a real-time multiplayer editor to create key software. Powered by WebAssembly and multiplayer CRDTs (Replicated Data Types Without Conflict), Dynaboard enables even the smallest companies to create software that rivals that of dedicated engineering teams. Moreover, it allows advanced users to push the boundaries and create something out of the ordinary.

This value proposition clearly resonated with early adopters of the platform. After an initial blog post on Dynaboard, which reached #2 on Hacker News, thousands of potential users agreed that building production-ready apps should be easier, joining the waiting list of the Dynaboard private beta.

Through the process of experimentation with early adopters, Dynaboard discovered a critical gap in the market between in-house-only tool builders and marketing landing page builders. Many users were trying to build apps for customers and partners, but they were running into cost and capability barriers. Dynaboard solves these problems with a state-of-the-art multiplayer development environment, an authentication system to bring and a new pricing model.

  • Creation of real-time multiplayer applications: The platform supports simultaneous live creation of an app by teammates with multiple mouse cursors and the ability to see exactly what others are editing. Similar to the Google Docs or Figma editing experience, Dynaboard users create an interactive web application instead of documents and designs.
  • “Bring your own authentication” authentication system: Anyone from developers to analysts can quickly build secure applications that seamlessly integrate with their existing authentication systems in minutes rather than hours or days. Apps work with Google Workspace, Azure Active Directory, Okta, Facebook, Twitter or any other OAuth 2.0 / OpenID Connect provider.
  • Usage-based pricing meets value-based predictability:Dynaboard’s pricing makes all app builders free while only charging monthly active internal and external users. This mitigates the cost-prohibitive nature of seat-based tool builders that treat every user equally while avoiding the complex multidimensional pricing models of IaaS providers.

“With the Dynaboard platform, you can expand all your existing data and services with just a few clicks. You are not overwhelmed by a multitude of technical choices or pricing uncertainties that can block a project. Instead, you can focus on creating something that drives business value from day one,” said Alex Kern, Founder and CEO of Dynaboard. “Individuals and small teams can create extremely valuable custom software for internal and external use without the support of a large engineering organization.”

Dynaboard was developed by Alex Kern, a hacker and entrepreneur who was named to the Forbes 30 Under 30 list. Kern founded his first company, Distributed Systems, while studying computer science at the University of California, Berkeley . While at Cal, he also launched Cal Hacks, the largest college hackathon in the world. In 2018, he sold Distributed Systems to Coinbase, where he then built his core crypto systems, unlocking billions of dollars in AUM and enabling asset staking.

Based on his experiences, Kern knew there was a better, faster way for more people with some technical knowledge to develop in-house and public applications, even without the resources, budget, or access to key systems generally required. Nothing he imagined ever made it to market, so he built it himself.

“What Alex and his team have done is nothing short of remarkable,” said Ross Fubini, Founder and Managing Partner of XYZ Venture Capital. “These aren’t basic apps, but really fantastic, rich apps that can be built in minutes or hours, rather than weeks or months. This has never been possible before, and it will fundamentally change access to software development in the future.

The Dynaboard platform was designed to help businesses of all sizes develop powerful, custom web applications faster than they ever thought possible. Individuals and teams can quickly create production-ready applications that extend their capabilities without competing for limited resources. The company has opened a private beta, with general availability coming in 2022. Dynaboard is backed by some of the most influential investors and contributors in the space, including XYZ Venture Capital, Floodgate Fund, The General Partnership, General Catalyst, The House Fund, Mantis, Abstract, and the founders, executives, and early employees of Coinbase, GitHub, Mozilla, Color, Firebase, Parse, Robinhood, and more. The company is remote and its headquarters are in San Francisco. Learn more at www.dynaboard.com.

GMK Communications for Dynaboard



Copyright BusinessWire 2022.

PUBLISHED: 06/16/2022 09:00/DISC: 06/16/2022 09:02

Copyright BusinessWire 2022.