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HomeStart UpOpen-source developers platform ToolJet raises funding from Microsoft's M12 Fund, GitHub 

Open-source developers platform ToolJet raises funding from Microsoft’s M12 Fund, GitHub 

ToolJet, an open-source platform for low-code developers, has raised funding from GitHub and M12, Microsoft’s venture arm, the company announced on Monday. The amount of investment has not been disclosed.  

ToolJet was launched in 2021, and since then, it has raised $6.1 million from investors, including Nexus Venture Partners, Ratio Ventures, Better Capital, January Capital, and angel groups.   

According to a statement from the company, ToolJet will use the funds to expand its workforce and improve the platform’s artificial intelligence (AI) capabilities.

Navaneeth Padanna Kalathil is the founder and chief executive officer of ToolJet. Kalathil had previously co-founded MobioPush, which was acqui-hired by Freshworks in 2015.

“Impressed by Navaneeth and the Tooljet team and their approach to low-code enterprise app building via the engagement of the open source community, we believe that low-code development is a key way for businesses to accelerate their innovation and are committed to supporting ToolJet in their mission,” said Priyanka Mitra, partner at M12 and cofounder of the M12 GitHub Fund.

On GitHub, ToolJet has about 20,000 stars and 350 contributors, and it is popular among developers and teams across Fortune 500 companies, scaleups, and startups worldwide.  

The platform allows users to control their data even without internet connectivity with its secure on-premise installation feature. JavaScript-based plugins for customization and extensibility are integrated into its open-source technology.

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