Creatio raises $68 million for low-code enterprise process automation

– Creatio, a low-code process automation and customer relationship management (CRM) platform, has raised $68 million in a round of funding led by growth equity firm Volition Capital.
– The raise, which is the first external investment in Creatio’s eight-year history, comes during a boom period for low-code and no-code platforms, spanning everything from enterprise app building and marketing analytics to web development, game production, and process automation.
– The global low-code development market is pegged at roughly $10 billion today, a figure that’s projected to rise to $187 billion within a decade as businesses battle to hire and retain top technical talent.
– Low-code platforms promise to help businesses improve many of their internal development and operational processes by enabling less technically-able workers to lean on automated tools such as Creatio.