Mendix Raises $900 million Growth Round

Company profile · Industrials & Manufacturing · Updated Recent

Mendix raised $900M in Growth Round financing led by Siemens, with participation from Siemens (parent). AI low-code enterprise application development platform. The new capital is framed around Expand AI app generation and launch industry cloud templates.

Growth Round$900 millionTotal tracked $900 millionBoston, MA

What it does

AI low-code enterprise application development platform. The business sits in Enterprise Software & SaaS, where funded companies are using fresh capital to deepen product coverage, distribution, or operating capacity.

Traction

4,000+ enterprise customers; AI generates application components from descriptions. Management framed the new capital around Expand AI app generation and launch industry cloud templates.

Trend impact

MD-grade thesis held: available source material is not specific enough to support a non-generic investor-economist read without overclaiming.

Funding history

Recent · Growth Round · $900 million · Siemens

Products & services

Enterprise Software & SaaS workflow monitoring tied to the funding announcement
Customer-facing product described on the company website
Operational tooling for enterprise software & saas teams
Data capture and reporting across core business processes
Team expansion support funded by the latest round

Open Mendix in the interactive Capvizr dashboard →