airSlate raised a $40 million B Round of VC, bringing its total raised to date to $80 million. airSlate reports to enable employees to create automated workflow experiences to help them with day to day tasks. airSlate focuses its messaging on document process automation (DPA) and robotic process automation (RPA). As HR looks to automate tasks to gain efficiency and free up staff to focus on more strategic and value-adding efforts, low code no code solutions offer an exciting opportunity. And, HR is laden with documents and tasks as it supports the enterprise.
Low code no code has been an emerging trend over the last three years, and like most emerging trends in HR for it to take off it will take a convergence of user/buyer demand and the technology being sufficiently integrated into HCM platforms. Buyers looking at low code no code solutions should be careful to assess the funding and financial viability of the many startups in the category, and also inquire with any platform vendors they currently use on where this or other automation solutions fall in priority on the roadmap.
Low code no code wasn’t a prevalent trend in the 2020 Global HR Tech VC Lookback Report, but we expect to see more of it emerging in 2021 and beyond.